Informa (LON:INF) said its 2017 full year results were broadly expected to be in line with expectations in a trading update on January, ahead of its proposed takeover of events company UBM.

The company reported underlying revenue growth of 3 percent for the full financial year of 2017, in line with previously outlined expectations outlined expectations.

For the 2017 financial year, revenues for Academic Publishing are expected to rise 2 percent, Business Intelligence 2.2 percent, Global Exhibitions 7.6 percent and Knowledge & Networking 0.1 percent.

Alongside the statement, Informa provided an update on the UBM deal, with CEO Stephen A. Carter, Chief Executive of Informa saying:

“This is the right moment to join forces, enabling the Enlarged Group to capture more fully the international growth opportunities in B2B Information Services, while providing benefits for Customers and Colleagues in the markets that we serve around the world.

“We will implement an Accelerated Integration Plan that will establish the Enlarged Group swiftly and smoothly, helping to secure significant operating synergies, to seize incremental growth opportunities and to deliver significant value for shareholders.”

Informa shares are largely unchanged, currently trading 0.17 percent down at 686.20 (0814GMT).