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Stock impact report

Telegraph auction begins with claims of ‘extremely strong' interest [Yahoo! Finance]

Lloyds Banking Group Plc American Depositary Shares (LYG) 
US:NYSE Investor Relations: lloydsbankinggroup.com/investors
Company Research Source: Yahoo! Finance
RedBird IMI on Friday issued an information memorandum to prospective buyers outlining information about the sale. The fund attempted to gain control of The Telegraph in a deal with the Barclay family but was blocked over concerns about its links to the UAE government. First round bids are expected within the next month, paving the way for a deal later in the summer. It marks the second time The Telegraph and The Spectator have been put on the block in the last year after RedBird IMI's takeover attempt was blocked by the Government over concerns about the impact on press freedom. The previous auction process attracted interest from GB News owner Sir Paul Marshall, Daily Mail proprietor Lord Rothermere and local newspaper group National World. RedBird IMI is understood to have approached parties who expressed interest in the previous auction as well as a range of new prospective bidders. One source said that both titles were profitable and had delivered strong growth in rece Show less Read more
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