Daily Mail and General Trust announced it has agreed a deal to sell the Trepp US property media and data business, to Fitch.
It removes a long-held information asset from the RCHL portfolio and transfers a business that provides data, insights and technology to structured finance, commercial real estate and banking clients. Trepp was founded in 1979 and acquired by DMGT in 2004, and the company said the proceeds will enable the Group to maintain financial flexibility as it allocates capital to opportunities that generate long‑term sustainable value.
"Fitch will be a brilliant long‑term custodian for Trepp," Lord Rothermere said.
