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Daily Mail

Daily Mail and General Trust offloads GLM for £173m

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By The Drum Team, Editorial

October 3, 2011 | 1 min read

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.

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