LONDON: The families of the Founder of the British Daily Letter considering providing an offer of 810 million pounds ($ 1.1 billion) to bring the parent company behind the best-selling newspaper in the country back to personal hands after 90 years in the stock market.
Newspapers and other publications are currently part of the Daily Mail and General Trust, which has been registered with the London stock market since 1932.
Jonathan Harmsworth, known as Lord Rothermere and Great Lord from the founder of the newspaper, has controlled shareholder companies through trust His family.
Aristocrats reflect on efforts to take private companies on the condition that he sells the insurance business and shares in Cazoo online car sales.
Daily Mail and General Trust confirmed Monday was in talks to sell insurance risk divisions after an approach from interested parties.
In a statement, it is said that proposed sales can be completed in the third quarter if successful.
The Group added that if conditions are met, Rothermere Rothermere Rothermere Continuatiasi Ltd will consider a cash offer of 251 Pence per share to take all private companies.
Who appreciate the group of around 810 million pounds.
The news attended the reorganization of the Mail Daily group in recent years, which saw it selling its bets on the Zoopla property search website, Euromoney’s financial information provider, and online education business hobsons.
The Daily Mail was first published in the 1890s and the group now has the title of Letters and Metro and I News.
Rothermere has until 9 August to make an official offer under the stock market rules.