Daily Mail publisher sells insurance risk business to Moody's

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LONDON, Aug 5 - The publisher of Britain's Daily Mail said on Thursday that it had agreed to sell its insurance risk business RMS to Moody's Corporation for about 1.452 billion pounds in cash.

The founding family and leading investor in Daily Mail and General Trust, the Rothermeres, said last month they were ready to buy the group outright, contingent on the sale of RMS and the completion of the listing of online car seller Cazoo, which he partially owns.