Mail, Metro and i publisher DMGT has sold its insurance risk business RMS to Moody’s Corporation.
DMGT had owned RMS since 1998 but is divesting business investments as it paves the way for controlling shareholder Lord Rothermere to take the company private in a deal worth £810m.
DMGT chief executive Paul Zwillenberg said: “The sale of RMS marks another major milestone in DMGT’s transformation. It is the culmination of our strategy of investment in businesses combined with active portfolio management.
“Organic investment in RMS’s software, data, data analytics, models and applications has created substantial shareholder value, particularly over the last few years as the team has delivered the accelerated product development programme.”
Related
Source: DMGT
Deal size: £1.425m in cash
Country: UK
Status: Official
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