The Barclay family officially regained control of the Telegraph newspaper group on Monday, after an Abu Dhabi-backed consortium helped pay off its 1.2bn debt to Lloyds Banking Group, although the funds planned takeover still requires the UK governments blessing.
Lloyds said on Monday that it had received the money it was owed, after it seized control of the group and put its Telegraph and Spectator titles up for sale after a prolonged dispute over debts racked up by its owners, the Barclays.
We are always keen to work constructively with customers who get into difficulty with their repayments to reach an amicable solution, a spokesperson for the bank said. Wed like to thank all parties for their role in reaching this point.
The transfer of …
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