RedBird IMI ‘reaches agreement’ on package of loans to repay debts owed by Barclay family
The Abu Dhabi-backed investment fund RedBird IMI has said it is to take control of the Telegraph and Spectator after agreeing loans to repay debts owed by their publishing group’s previous owners, the Barclay family.
The deal would entail a joint venture between the US firm RedBird Capital and International Media Investments of Abu Dhabi providing loans to the family, allowing them to pay off their debts to Lloyds Banking Group and take back the publications within weeks.
About Author
More Stories
Jane Birkin’s original Hermès handbag to be sold at auction in Paris
‘They went too far’: Musk says he regrets some of his posts about Trump
Trump trade deal shows how vital China’s rare-earth metals are to US defense firms