2nd Jul 2007 10:00
2nd July 2007 Daily Mail and General Trust plc (`DMGT') Disposal of Northcliffe Retail Limited
Northcliffe Media, the local media division of DMGT, announces that it has sold Northcliffe Retail to Rippleglen, the second largest confectionary, tobacco and news chain in the UK, for a cash consideration of ‚£8.2 million.
Northcliffe Retail has sixty one outlets situated throughout Leicestershire, Rutland, Nottinghamshire, Derbyshire and South Lincolnshire. The business made an operating profit of ‚£1 million on revenue of ‚£35 million in the year ended 1st October 2006.
The sale of Northcliffe Retail is part of DMGT's strategy of focusing Northcliffe on its local media operations.
Enquiries:
Peter Williams, Finance Director, DMGT, 020 7938 6631
Michael Pelosi, Managing Director, Northcliffe, 020 7400 1456
Andrew Honnor, Tulchan Communications, 020 7353-4200
Daily Mail and General Trust plc Northcliffe House, 2 Derry Street, London, W8 5TT Tel 020 7938 6000 Fax 020 7938 4626 www.dmgt.co.uk Registered in England and Wales No. 184594
DAILY MAIL & GENERAL TRUST PLCRelated Shares:
DMGT.L