RELX Divests Austrian Exhibition Business
Deal News | Jan 17, 2025 | CEE Legal Matters
RELX Group has exited Austria's exhibition market by divesting three of its RX Global entities to Messezentrum Salzburg, WSE Wiener Standortentwicklung, and Mac. Brand Spaces. This divestment follows an internal review of their Austrian operations. Freshfields Bruckhaus Deringer LLP advised RELX on the transaction, with a team composed of several partners, counsels, principal associates, and associates, demonstrating the firm's deep expertise in legal advisory for high-profile divestitures. Freshfields declined to disclose further details about the transaction.
Sectors
- Exhibition and Event Management
- Legal Advisory
Geography
- Austria – RELX divested its exhibition business interests in Austria.
- United Kingdom – RELX is a global provider of information-based analytics and decision tools for professional and business customers, headquartered in the UK.
Industry
- Exhibition and Event Management – This is the primary industry affected by RELX's divestment from the Austrian exhibition market.
- Legal Advisory – This pertains to Freshfields Bruckhaus Deringer's role in advising RELX during the divestment process.
Financials
- Not disclosed – Financial details of the divestment were not provided.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| RELX Group | Target Company | Company | A global provider of information-based analytics and decision tools, divesting their Austrian exhibition business. |
| Freshfields Bruckhaus Deringer LLP | Legal Advisor | Company | International law firm advising RELX on the divestment. |
| Messezentrum Salzburg | Buyer | Company | Acquirer of part of RELX's Austrian exhibition business. |
| WSE Wiener Standortentwicklung | Buyer | Company | Acquirer of part of RELX's Austrian exhibition business. |
| Mac. Brand Spaces | Buyer | Company | Acquirer of part of RELX's Austrian exhibition business. |