Tarsus Group plc, the international business-to-business media group, has agreed to acquire 70 per cent. of leading Turkish exhibition organiser Lifemedia Fuarcilik A.S. (“Life Media”), in a significant step toward its Project 50/13 target to derive 50 per cent. of its revenues from emerging markets by 2013.
Tarsus will pay an initial consideration of TL30.0 million (equal to approximately £10.6 million) for
the 70 per cent. interest, with estimated deferred payments of approximately £5 million due in 2013,
for a total estimated payment of approximately £15 million
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