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Ex-politician reportedly in talks with potential backers including the Reuben familyBusiness live – latest updatesThe former chancellor Nadhim Zahawi has approached a number of billionaire backers about financing a potential £600m bid for the Telegraph newspapers and Spectator magazine.Zahawi, who decided not to stand again in his Stratford-on-Avon seat at the general election, was originally involved as a “middleman”, introducing a UAE-backed consortium to the Barclay family, which enabled them to pay back £1.16bn in loans and take back control of the debt-laden business from Lloyds Banking Group last year. Continue reading…
Ex-politician reportedly in talks with potential backers including the Reuben family
Business live – latest updates
The former chancellor Nadhim Zahawi has approached a number of billionaire backers about financing a potential £600m bid for the Telegraph newspapers and Spectator magazine.
Zahawi, who decided not to stand again in his Stratford-on-Avon seat at the general election, was originally involved as a “middleman”, introducing a UAE-backed consortium to the Barclay family, which enabled them to pay back £1.16bn in loans and take back control of the debt-laden business from Lloyds Banking Group last year.
