DAILY MAIL AND GENERAL TRUST PLC Completion of disposal of Hobsons
Transparency directive : regulatory news
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Daily Mail and General Trust plc (DMGT)
4 March 2021
Daily Mail and General Trust plc (DMGT) Completion of disposal of Hobsons
DMGT announces the completion of the sale of Hobsons, its EdTech business, in two separate transactions, for total proceeds of approximately US$410m. This follows the announcement on 18 February 2021 of the agreements to sell Hobsons' Naviance and Intersect businesses to US-based PowerSchool and to sell Hobsons' Starfish business to US-based EAB. Enquiries
About DMGT DMGT manages a portfolio of companies that provide businesses and consumers with compelling information, analysis, insight, events, news and entertainment. The Group takes a long-term approach to investment and has market-leading positions in consumer media, insurance risk, property information and events & exhibitions. In total, DMGT generates revenues of around £1.1bn. |
| ISIN: | GB00BJQZC279 |
| Category Code: | DIS |
| TIDM: | DMGT |
| LEI Code: | 4OFD47D73QFJ1T1MOF29 |
| Sequence No.: | 94785 |
| EQS News ID: | 1172966 |
| End of Announcement | EQS News Service |
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