DGMT may be set to enter business negotiations
Chief executive of the Daily Mail & General Trust Martin Morgan has hinted the company may be set to make acquisitions.
The Daily Mail & General Trust (DMGT) may be set to enter more business negotiation deals after its chief executive Martin Morgan hinted that it might return to the acquisition market.
According to the Guardian, Mr Morgan said that following extra investment into the operations it already runs, the company would then look towards making acquirements to strengthen the business.
"There are a number of deals we are looking at any given time," he said, adding: "We are not really at the moment looking to make a major acquisition in new sectors."
His comments follow the reduction of debt held by DMGT to £862 million, down from £1 billion, which has led to the possibility of the company engaging in fresh acquisition activity.
Earlier this week, the Financial Times reported the consultancy Wood Mackenzie believes the US coal market could see the greatest number of business deals taking place worldwide, as all mid-sized companies could be set to become targets or bidders.