9 Mar 2020 07:00
EUROMONEY INSTITUTIONAL INVESTOR PLC
ACQUISITION OF CENSUS COMMODITY DATA
9 March 2020
Euromoney adds to its price reporting business, Fastmarkets, with the acquisition of Census Commodity Data
Euromoney Institutional Investor PLC ("Euromoney"), the international information services provider of essential information to global and specialist markets, announces the acquisition of 100% of Census Commodity Data, primarily operating through its brand AgriCensus and serving as a Price Reporting Agency ("PRA") for the global agricultural commodity markets.
Founded in 2017, AgriCensus is a small investment-stage PRA providing over 200 price assessments on the grain, oilseeds and biofuels industries, supplemented by high-quality market news and intelligence.
Fastmarkets investment in technology, systems and people will accelerate the development of AgriCensus' key industry reference prices into physical and financial benchmarks. Agriculture will be Fastmarkets' third commodity vertical in addition to its leading market position in forest products and metals.
Raju Daswani, CEO Fastmarkets, said: "Rising population and the resulting increase in food demand is a trend that is expected to be in place for at least the next three decades. Our acquisition of AgriCensus provides us with exposure to this market and establishes an important strategic position for us in agriculture. Through its excellent team and leadership, AgriCensus has started the process to provide much-needed price discovery in these opaque markets. Fastmarkets can now develop this position further by leveraging our established reputation in pricing and providing access to our global PRA infrastructure"
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For further information, please contact:
Euromoney Institutional Investor PLC
Wendy Pallot, Chief Financial Officer: +44 20 7779 8866; wendy.pallot@euromoneyplc.comChris Collett, Investor Relations: +44 20 7779 8636; chris.collett@euromoneyplc.com
FTI Consulting
Charles Palmer / Jamie Ricketts / Amy Hurnell / Jamille Smith: +44 20 3727 1000; euromoney@fticonsulting.com
About Euromoney Institutional Investor PLC
Euromoney is a global information services provider of essential information to global and specialist markets. Euromoney provides price discovery, market intelligence and events across our segments. Euromoney is listed on the London Stock Exchange and is a member of the FTSE 250 share index. (www.euromoneyplc.com)
LEI number: 213800PZU2RGHMHE2S67