on Daily Mail And General Trust Plc (isin : GB0009457366)
DMGT Sells Trepp to Fitch Group for $1 Billion
Daily Mail and General Trust plc (DMGT) has announced the sale of its US Property Information business, Trepp, to Fitch Group for approximately $1 billion. The sale aligns with DMGT's strategic vision to enhance financial flexibility and invest in opportunities that promise sustainable long-term value.
The completion of this transaction is contingent upon meeting customary closing conditions, including regulatory clearance under the US Hart-Scott-Rodino Act. Lord Rothermere, Executive Chairman of DMGT, praised Trepp's growth into a premier provider of crucial data and insights for various industries under Annemarie DiCola's leadership.
Fitch Group, known for its expertise in financial information services, is expected to lead Trepp into its next growth phase. Financial advisory services for the transaction were provided by Centerview Partners and Goldman Sachs, with legal advisory by Baker McKenzie.
R. H.
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