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ITE to buy seven major events from Ascential

ITE to buy seven major events from Ascential

Buying and selling has been a major theme among events companies recently. The complicated web of ownership is a side effect of strategic flight – events groups separate from their former publisher owners and find their niche. “It’s all about products,” said Mark Shashousa, chief executive of ITE (ITE). For example, his company wants to be a global events leader which is why it plans raise money via a rights issue to fund the £300m purchase of seven shows (which have international potential) from Ascential (ASCL). They’re products Mr Shashousa should understand well – he ran them when he was chief executive of Ascential Events.  

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