Unibail-Rodamco SE and the Chamber of Commerce and Industry of Paris Ile-de-France enter into an agreement with Charterhouse to which it offers to acquire a stake in Comexposium.
In order to accelerate Comexposium's international development and reinforce CCIR's partnership with Comexposium, Unibail-Rodamco and the CCIR have entered today into exclusivity with Charterhouse, pursuant to which Charterhouse has offered to acquire Unibail-Rodamco's 50% stake in Comexposium. This offer values Comexposium at €550 mln.
Early in 2008, Unibail-Rodamco and the CCIR merged their Convention & Exhibition activities into two entities: Viparis, in charge of managing the venues, and Comexposium, in charge of the events organization business. Comexposium brought together Exposium, the events entity of Unibail-Rodamco, and Comexpo, the events organization business of the CCIR. The rationale behind this merger was to create one of the world's biggest exhibition organizers.
Unibail-Rodamco and the CCIR remain long-term partners in Viparis, a world leader in the convention-exhibition sector which owns and operates an outstanding portfolio of world-class convention and exhibition centers. Viparis notably committed to invest €500 mln to refurbish the Porte de Versailles.