Analysis & Comment

Daily Mail publisher close to deal with pension trustees over Rothermere offer

FILE PHOTO: A clock face is seen outside of the London offices of the Daily Mail newspaper in London, Britain, April 28, 2018. REUTERS/Toby Melville/File Photo

(Reuters) – The owner of Britain’s Daily Mail said on Tuesday it was close to agreeing a deal with its pension trustees that could see Rothermere Continuation Ltd pay them roughly 400 million pounds ($546 million) to take the publisher private.

The news on Daily Mail and General Trust, first reported by Sky News on Monday, comes after a major overhaul at London-listed DMGT. It sold its insurance risk business in August and listed partly-owned online car seller Cazoo the same month.

($1 = 0.7329 pounds)

(This story corrects headline to say publisher “close to” deal, not “to close” deal)

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