The government has said it intends to launch a second investigation into the Barclay family’s complex deal to transfer control of the Telegraph, after its Abu Dhabi-backed consortium partner revealed a last-minute corporate structure change that has raised public interest concerns.
The culture secretary, Lucy Frazer, said she was “minded to” issue a new public interest intervention notice (PIIN) to call in the regulators Ofcom and the Competition and Markets Authority (CMA) to look at RedBird IMI’s move to create a new UK holding company to house the Telegraph and its sister magazine, The Spectator, when it takes control of the titles.
