Daily Mail reviews options for financial magazine publisher Euromoney
The owner of the Daily Mail is “reviewing options” for its holding in financial publisher Euromoney.
The announcement follows reports over the weekend that Daily Mail and General Trust (DMGT) has lined up a £750m sale of its 49 per cent stake in Euromoney Institutional Investor.
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The firm said it has not received any proposals in relation to a potential sale but said it is reviewing its strategic options.
DMGT chief executive Paul Zwillenberg reduced the company’s stake in Euromoney from 67 per cent to 49 per cent when he was appointed in 2016.
In a statement this morning DMGT said: “DMGT notes recent media speculation that it is considering strategic options in respect of its holding in Euromoney and confirms that it is reviewing options for its holding, consistent with its stated strategy of increasing portfolio focus.
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“DMGT confirms that it has not received any proposal nor is it in discussions with any party to acquire its holding in Euromoney.
“DMGT will make a further announcement if it becomes relevant and appropriate.