Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
magazine49% - Daily Mail’s Euromoney stake
Publisher Daily Mail (DMGT) sold 32.5m shares in Euromoney (ERM), the business-to-business publisher it founded in 1969, reducing its stake to 49%.
Chief executive Paul Zwillenberg is expected to spend proceeds from the stake sale on acquisitions, according to analysts, and may look to sell more of its shares in the business.
A substantial chunk of DMGT’s value remains linked to its investment in Euromoney, worth £674m at market prices, and property portal Zoopla (ZPLA), in which it holds a 31% stake worth £411m. DMGT in total is valued at £2.6bn.
Important information:
These articles are provided by Shares magazine which is published by AJ Bell Media, a part of AJ Bell. Shares is not written by AJ Bell Youinvest.
Shares is provided for your general information and use and is not a personal recommendation to invest. It is not intended to be relied upon by you in making or not making any investment decisions. The investments referred to in these articles will not be suitable for all investors. If in doubt please seek appropriate independent financial advice.
Investors acting on the information in these articles do so at their own risk and AJ Bell Media and its staff do not accept liability for losses suffered by investors as a result of their investment decisions.
