AMSTERDAM (Thomson Financial) – Reed Elsevier PLC and Reed Elsevier NV will exit the defence exhibitions sector, the Anglo-Dutch publishing company said in a statement.
Chief executive officer Crispin Davis said that, ‘it has become increasingly clear that growing numbers of important customers and authors have very real concerns about our involvement in the defence exhibitions business.’
Although he noted that ‘our defence shows are quality businesses which have performed well in recent years,’ the CEO said they were ‘no longer compatible with Reed Elseviers position.’
Reed Elsevier’s portfolio of five defence shows a year represents around 0.5 pct of the group’s annual turnover.
Dave van Ginhoven,
dave.vanginhoven@thomson.com
dvg/slj
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