Culture Secretary blocks Abu Dhabi fund from seizing Telegraph during investigation

Culture Secretary blocks Abu Dhabi fund from seizing Telegraph during investigation

Move is aimed to ensure the Government’s review of the proposed deal is not impeded upon.

The Culture Secretary has blocked an Abu Dhabi-backed fund from taking control of The Telegraph while she carries out a review of a proposed takeover deal.

Lucy Frazer today issued a “hold separate” order that prohibits ownership of the newspaper from being transferred to RedBird IMI.

The more, known formally as an interim enforcement order, also prevents the group from merging The Telegraph with any other entity and blocks any changes in management or the removal of key editorial stuff.

Read more: telegraph.co.uk

Photo: telegraph.co.uk

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