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Negotiations Underway to Sell Catastrophe Modeling Firm RMS

July 12, 2021

Daily Mail and General Trust Plc (DMGT) said it is in discussions to sell its catastrophe modeling insurance unit, RMS, following a number of third party inquiries.

DMGT said discussions are ongoing and there is no certainty that a transaction will result. However, if a deal is completed, the sale would take place in the third quarter of 2021, said the company, which owns the British newspaper, the Daily Mail.

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