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Dubai Group, Blackstone Eye Informa Break Up: Report - ASHARQ AL-AWSAT English Archive
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LONDON/DUBAI (Reuters) – A unit of Dubai sovereign wealth fund Investment Corporation Dubai has teamed up with private equity group Blackstone and others to buy British media group Informa, the Financial Times reported.

A consortium of private equity groups Providence Equity Partners, Carlyle and Hellman & Friedman have been in talks to buy Informa for about 3.2 billion pounds ($6.4 billion).

But the newspaper said on Wednesday Hellman & Friedman had walked away.

It said Dubai World Trade Centre (DWTC), one of the biggest events organizers in the Middle East, is seeking to buy Informa’s IIR conference and events division.

“At this point it is speculation and we have no further comment,” a DWTC spokeswoman said.

Blackstone and other private equity groups, possibly including Permira, would keep Informa’s Taylor & Francis academic publishing division, while seeking trade buyers for other units, such as the Datamonitor business information arm, the paper said.

Jessica Sutherland, General Manager IIR Middle East was not immediately available for comment.

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Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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