Euromoney Institutional Investor : Acquisition

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Euromoney Institutional InvestorPLC - ERM Acquisition Released 07:00 09-Mar-2020

RNS Number : 3573F

Euromoney Institutional InvestorPLC

09 March 2020

EUROMONEY INSTITUTIONAL INVESTOR PLC

ACQUISITION OF CENSUS COMMODITY DATA

9 March 2020

Euromoney adds to its price reporting business, Fastmarkets, with the acquisition of Census Commodity Data

Euromoney Institutional Investor PLC ('Euromoney'), the international information services provider of essential information to global and specialist markets, announces the acquisition of 100% of Census Commodity Data, primarily operating through its brand AgriCensus and serving as a Price Reporting Agency ('PRA') for the global agricultural commodity markets.

Founded in 2017, AgriCensus is a small investment-stage PRA providing over 200 price assessments on the grain, oilseeds and biofuels industries, supplemented by high-quality market news and intelligence.

Fastmarkets investment in technology, systems and people will accelerate the development of AgriCensus' key industry reference prices into physical and financial benchmarks. Agriculture will be Fastmarkets' third commodity vertical in addition to its leading market position in forest products and metals.

Raju Daswani, CEO Fastmarkets, said: 'Rising population and the resulting increase in food demand is a trend that is expected to be in place for at least the next three decades. Our acquisition of AgriCensus provides us with exposure to this market and establishes an important strategic position for us in agriculture. Through its excellent team and leadership, AgriCensus has started the process to provide much-needed price discovery in these opaque markets. Fastmarkets can now develop this position further by leveraging our established reputation in pricing and providing access to our global PRA infrastructure'

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For further information, please contact:

Euromoney Institutional Investor PLC

Wendy Pallot, Chief Financial Officer: [phone];[e-mail]
Chris Collett, Investor Relations: [phone];[e-mail]

FTI Consulting

Charles Palmer / Jamie Ricketts / Amy Hurnell / Jamille Smith: [phone];[e-mail]

About Euromoney Institutional Investor PLC

Euromoney is a global information services provider of essential information to global and specialist markets. Euromoneyprovides price discovery, market intelligence and events across our segments. Euromoneyis listed on the London Stock Exchange and is a member of the FTSE 250 share index. (www.euromoneyplc.com)

LEI number: 213800PZU2RGHMHE2S67

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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Acquisition - RNS