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Euromoney says European Commission conducting unannounced inspection of its RISI business

In a brief statement, the FTSE 250-listed magazine publishing and events group said the Commission is investigating the sector of Kraft paper in the European Union/European Economic Area
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RISI is a subsidiary within the Euromoney group which provides independent information to the paper and packaging market

Euromoney Institutional Investor PLC (LON:ERM) has confirmed that the European Commission is conducting an unannounced inspection at the Brussels office of its RISI business. 

In a brief statement, the FTSE 250 listed magazine publishing and events group said the Commision is investigating the sector of Kraft paper in the European Union/European Economic Area.

READ: Euromoney in the red as it warns favourable currency effect will fade away in final quarter

RISI is a subsidiary within the Euromoney group which provides independent information to the paper and packaging market.

The firm - in which newspaper publisher Daily Mail and General Trust PLC (LON:DMGT) still has a big stake - said RISI is committed to working fully with the Commission during this process.

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