MILAN — Fiera Milano SpA has signed a preliminary contract to acquire 75 percent of Worldex NewCo, which includes Chinese fair operators Guangzhou Shi Zhan Exhibition Service Co. Ltd. and Hainan Shi Zhan Exhibition Co. Ltd.
The acquisition of Worldex NewCo for 7.5 million euros, or $9.8 million at current exchange rates, brings Fiera Milano’s total number of exhibitions worldwide to 69, of which 21 are in China. The Italian fair organizer also organizes events in India, Brazil, Russia, Turkey, South Africa and Singapore. In Italy, Fiera Milano is a leading organizer of a wide range of events, which cover everything from furniture, used books and wine to fashion and cosmetics, with specialized exhibitions such as Intercharm, Micam, Mifur, Milano Unica and MI Milano Pret-à-Porter.
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