10 months ago
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Debt repayment will put group step closer to being controlled by consortium backed by UAE
The Barclay family is expected to close a deal on Friday to regain control of the Telegraph and Spectator temporarily, as part of plans that would ultimately put the titles under the control of a consortium backed by the United Arab Emirates.
The Barclays have engineered a two-stage deal to control the future ownership of the titles, which were seized by Lloyds bank in June after the family failed to repay £1.16bn in debts.
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