Daily Mail and General Trust offloads GLM for £173m
Newspaper publisher the Daily Mail and General Trust has xompleted the sale of its GLM in a deal worth $173m (£111m).
The sale of the company from the publisher’s exhibitions and conference division to Providence Equity Partners, will include $154m (£99m) in cash, with the business holding negative $7m in working capital under DMGT.
The sale was advised by US firm Edmiston Group.