Daily Mail & General Trust (LON: DMGT) plans to distribute its 49% stake in Euromoney Institutional Investor (LON: ERM) to its own shareholders and removing this major shareholder will make the financial publisher more attractive to investors. There will be potential for a re-rating.
Assuming Daily Mail shareholders agree to the distribution, it should be completed on 4 April – although there will be trading in a temporary line relating to the shares distributed from 1 April.
Euromoney is an international business focused on business-to-business information for the financial sector w...
