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DMGT cuts ties with Euromoney

The media giant is proposing distributions to shareholders of nearly £900m
DMGT cuts ties with Euromoney

Sir Patrick Sergeant – then City editor of the Daily Mail – founded Euromoney's (ERM) flagship title in 1969. Half a century later, the Daily Mail and General Trust (DMGT) plans to relinquish its 49 per cent stake in the information and events group and return around £896m to DMGT’s investors in the process, constituting its entire shareholding in Euromoney and an extra £200m in cash. 

IC TIP: Hold at 681p

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