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Rothermere family moves to tighten grip at Mail group

Mar 04, 2019 - The Daily Telegraph (London)

THE owner of the Daily Mail and Metro newspapers has unveiled plans to return almost £900m back to shareholders in a move that will strengthen the Rothermere family's grip on the publisher.

Daily Mail and General Trust (DMGT) confirmed that it will distribute its 49pc stake in specialist publisher Euromoney Institutional Investor to shareholders with nonvoting stakes and also hand investors £200m in cash.

DMGT said that the Rothermere family's overall stake in the company will incr...