11 January 2011 14:43 [Source: ICIS news]
ICIS has concluded the transaction announced in August 2010, following which ICIS has increased its share in CBI China Co., Limited (“CBI China”), the leading provider of pricing and news information and analysis to the petrochemical and energy markets in ?xml:namespace>
ICIS and CBI China have successfully collaborated since 2007, when ICIS first acquired a holding in the company. This has resulted in the launch of a number of new information products and conferences in
As part of the transaction, the CBI China conference business has been spun out of CBI China and will be managed by CBI China’s original founders, with ICIS retaining an interest. Following the completion of the transaction, ICIS has launched ICIS China, the umbrella brand for the Chinese brands: Chemease, Papease, C1 Energy and CBI Consulting.
ICIS will now benefit from unrivalled coverage of Chinese and Asian chemicals and energy markets, giving market participants regional and worldwide access to the most robust benchmarks, news and analysis in support of trading and business decisions.
“Chinese demand continues to drive world commodity markets and ICIS will facilitate that trade by delivering comprehensive international market data to local companies, and unparalleled China market information to international players,” Christopher Flook, Managing Director of the ICIS group said. “This further extends our franchise as a global leader in chemicals and energy market information.”
“This is an exciting opportunity for both CBI Events and ICIS,” said CBI Events’ CEO Zhang Ye. “We believe that this increased cooperation will not only bring significant benefits to ICIS China customers but also provide big potential for the new company’s growth in the future.”
RBI Managing Director Jim Muttram added, “The launch of ICIS China bolsters ICIS’ position as the world’s leading provider of market information on petrochemical and energy markets and provides a strong platform on which to launch new services.”
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