DMGT says reviewing options for Euromony holding

Daily Mail & General Trust confirmed on Monday that it is reviewing its options in respect of its holding in publisher Euromoney, consistent with its stated strategy of increasing portfolio focus.

In a statement responding to press speculation, the company said it has not received any proposal nor is it in discussions with any party to acquire its holding in Euromoney.

DMGT said it will make a further announcement if it becomes relevant and appropriate.

Over the weekend, The Sunday Times reported that the Daily Mail owner was considering offloading its 49% stake in Euromoney in a move that would help to fund a £750m special cash return to shareholders.

The Sunday Times cited a source close to the situation as saying that the holding had become "non-core" and was under review.