Join our community of smart investors

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

To continue reading...
OR
Register for free
Read 3 articles for free each month
* Excl. premium articles
Have an account? Sign in