WORLD NEWSIssue 8 | 2011 www.10exhibition-world.netUSAPRIVATE EQUITY FIRM PAYS $173M FOR DMGT'S GLMPublisher and exhibition organiser Daily Mail and General Trust (DMGT) has sold subsidiary event organiser George Little Management (GLM) to American private equity fi rm Providence Equity Partners for approximately £106m (US$173m). The sale is a marked drop on DMGT's original asking price. GLM, which runs a portfolio of 15 trade shows in the fashion and home furnishings industries including the fl agship New York International Gift Fair, was originally under the hammer for US$240m. USAIAEE CONTESTS PROPOSED TRADE SHOW ETHICS LAWSPresident of the International Association of Exhibitions and Events (IAEE) Steven Hacker has spoken out against proposed laws that could prohibit government employees from attending trade events of the industries they are charged with regulating. The new proposition, released on 15 September, would limit the ability of federal government employees to attend events sponsored by industry trade groups. This includes most of the USA's 10,000 annual exhibitions. "The proposed rules released recently by the Offi ce of Government Ethics represent the latest and most serious assault on American business, large and small; businesses that must be permitted to power and grow the United States economy," commented Hacker. "This reckless intrusion into commerce, if adopted, would further isolate regulators from the industries they must understand."GERMANYGOVERNMENT PICKS MESSE FRANKFURT FOR EXPO 2015 The German Ministry of Economics has selected Messe Frankfurt to organise the German pavilion at the 2015 World Expo in Milan, Italy. Messe Frankfurt has operated a subsidiary in Italy since 1998, organising its own fairs across the country such as SPS/IPC/Drives in Parma. The theme of the event, which runs from 1 May to 31 October 2015, will be 'Feeding the Planet, Energy for Life'.THE PROPOSITION BY THE OFFICE OF GOVERNMENT ETHICS REPRESENT A SERIOUS ASSAULT ON AMERICAN BUSINESS - STEVEN HACKER, IAEEGLOBAL SNAPSHOT
WORLD NEWSwww.exhibition-world.net Issue 8 | 201111NETHERLANDSRAI AND KLM PARTNER TO BRING SHOWS TO CAPITALDutch exhibition venue Amsterdam RAI and national airline KLM - Royal Dutch Ailines have signed a multi-year contract to combine efforts in attracting international exhibitions, conferences and events to the Dutch capital. The new partnership sees the RAI and KLM work together in bidding for new business under the existing initiative Taskforce City Wide Congresses.KOREAPHASE TWO OF KINTEX EXPANSION COMPLETE Korea's largest trade show and convention venue, Kintex, has now opened its second space. The state-of-the-art venue now offers 10 indoor exhibition halls totalling 108,000sqm with updated meeting facilities comprising 57 conference rooms and large auditoriums.A forum organised by the Association of Korea Exhibition Industry (AKEI) at the end of November hopes to shine fresh light on how best to promote and benefi t from the recent and ongoing expansion of the country's major exhibition centres.RUSSIAEXPOFORUM BEGINS LENEXPO INTEGRATIONExpoforum has begun integrating Russian organiser Lenexpo into its operations in preparation for opening the new US$1bn convention complex in St Petersburg in 2013.Expoforum, majority owned by Gazprom subsidiaries, acquired a 25 per cent share in Lenexpo in April last year in a bid to create a partnership between the two companies. The company has since taken fi rm control of Lenexpo. "We have started the integration with Lenexpo to create the united company for organising events at Lenexpo till 2013 and at ExpoForum after its opening," said ExpoForum GM Anatoly Erkulov, pictured.LIBYAMONTGOMERY RETURNS TO LIBYA WITH NEW EXPOSMontgomery Exhibitions is returning to the Libyan market with two new trade shows and conferences in early 2012. The UK-based exhibition organiser put its Libyan trade show programme on hold in February following political unrest in the region. The events, launch shows ReBuild Libya 2012 and the returning Oil and Gas Libya 2012, are both expected to be held in the fi rst quarter of next year.HONG KONGMAYFIELD AND BSG TO HELP ASIAN EXPO SALESExhibition acquisition broker Mayfi eld Media Strategies has joined forces with analyst fi rm Business Strategies Group (BSG) to help exhibition organisers in Asia sell their businesses to international parties.Hong Kong-based BSG provides market intelligence and strategy services covering business media, information and events throughout Asia and the surrounding region.