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Evening Standard
Evening Standard
Business
Henry Saker-Clark

Abu Dhabi-backed fund strikes deal in move to secure Telegraph newspaper

Barclay Abu Dhabi Spectator Lloyds RedBird IMI United States

Abu Dhabi-backed investment fund RedBird IMI has paved the way to take control of the Telegraph and Spectator publications after agreeing loans to repay debts owed by previous owners, the Barclay family.

Lenders for the Barclay family would need agree to the deal, which is also expected to receive severe political scrutiny.

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