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Pin to quick picksDaily Mail Share News (DMGT)

Share Price Information for Daily Mail (DMGT)

London Stock Exchange
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Share Price: 882.00
Bid: 881.00
Ask: 883.00
Change: 5.00 (0.57%)
Spread: 2.00 (0.23%)
Open: 856.00
High: 888.00
Low: 856.00
Yest. Close: 877.00
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Daily Mail & General Tops Up Stake In Used Car Marketplace Cazoo

Thu, 1st Oct 2020 09:15

(Alliance News) - Daily Mail & General Trust PLC on Thursday said it boosted its interest in fast-growing used car portal Cazoo, after taking part in its GBP240 million fundraise.

DMG Ventures, responsible for the Daily Mail owner's early-stage investments, injected a further GBP34 million in Cazoo during the fundraise.

It boosts DMGT's stake to about 22%, or roughly 20% on a fully diluted basis.

"Cazoo has created significant value for DMGT since it launched its services to customers in December 2019 and DMGT remains a supportive investor," Daily Mail said.

DMGT shares were 0.8% higher at 655.00 pence each in London on Thursday morning.

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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