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Chemicals and Energy Information Group ISIS acquires majority share in CBI China

Press Release: LexisNexis [January 10, 2011]

London, UK -- 10 January 2011. Following it's announcement of the 18th August 2010, ICIS, a leading provider of benchmark price and news information to the global chemical, oil and energy markets, has concluded the acquisition of a majority share in CBI (Shanghai) Co., Limited ("CBI China"), the leading provider of pricing and news information and analysis to the petrochemical and energy markets in China.

ICIS and CBI China have successfully collaborated since 2007, when ICIS first acquired a minority holding. This has resulted in the launch of a number of new information products and conferences in China as well as international events. ICIS is a Reed Business Information ("RBI") data services business with a strong record of growth over the last decade.

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 as Shanghai CBI Events Co Ltd, with ICIS retaining its minority interest. ICIS now has a majority holding in the CBI China market information and consulting businesses with the original founders maintaining a minority interest and continued collaboration. 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 is well placed to 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. "The addition of ICIS China to the ICIS group positions our franchise as a true 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."

About ICIS China

ICIS China is the parent brand for the ICIS services in China; Chemease, C1 Energy, Papease and CBI consulting. ICIS China specializes in providing market intelligence on China's commodity markets specifically in the chemical, energy and pulp & paper markets. Recognised domestically and internationally as a leading source of China's commodity market intelligence, ICIS China is locally operated and managed and part of an international group of industry professionals based across the globe.

About ICIS

ICIS is well established as a key global provider of benchmark price and news intelligence for the chemical, oil and energy industries, assisting companies in global commodity markets to improve their revenues and profits by providing high quality, timely, commercially useful information, business leads and brand positioning across the world.

ICIS' global team of more than 500 people based in London, Houston, Singapore, New York, Washington, Shanghai, Moscow and Mumbai strives to deliver definitive global chemical,& energy market intelligence.

About Reed Business Information Ltd

Reed Business Information UK brings over 100 market leading brands to an audience of 30 million decision makers worldwide through its multi-platform media of web products, magazines, exhibitions, conferences and industry awards. Reed Business Information is part of Reed Elsevier, a world leading provider of professional information solutions in the Science, Medical, Legal and Risk and Business sectors.

View Citation
Publication Year:2011
Type of Material:Press Release
Language English
Issue:January 10, 2011
Company: CBI China
Subject: Mergers and acquisitions
Record Number:28044
Last Update:2024-05-02 22:45:03
Date Created:2022-11-23 09:54:44