LONDON (Alliance News) - Daily Mail & General Trust PLC is considering selling its remaining interest in FTSE 250-listed business events organiser and publisher Euromoney Institutional Investor PLC and returning the cash to shareholders, The Sunday Times reported.
DGMT, the publisher of the Daily Mail newspaper, sold down its stake in Euromoney to 49% from 67% back in December 2016 and now is considering selling remainder to a fund a GBP750 million special cash return to shareholders, according to the Sunday Times.
The newspaper cited "source close to the situation" as saying the holding in Euromoney had become "non-core".
https://www.thetimes.co.uk/edition/business/lord-rothermeres-daily-mail-media-empire-plots-2bn-break-up-8jx9r367h