Barclay twins strike Telegraph deal

Billionaire twins David and Frederick Barclay have struck a £260m (€377m) deal for Conrad Black's controlling stake in the Hollinger media empire. The deal gives them Lord Black's 30% stake and his 73% voting rights at Hollinger.

Barclay twins strike Telegraph deal
Mon, 19 Jan, 2004 - 09:07

Billionaire twins David and Frederick Barclay have struck a £260m (€377m) deal for Conrad Black's controlling stake in the Hollinger media empire. The deal gives them Lord Black's 30% stake and his 73% voting rights at Hollinger.

Lord Black has been ousted as Hollinger chairman over allegations of financial irregularities.

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CourtsBusinessHeathrowPlace: HollingerPlace: LondonPerson: DavidPerson: Frederick BarclayPerson: Conrad BlackPerson: Lord BlackOrganisation: BarclayOrganisation: TelegraphOrganisation: US Securities and Exchange CommissionOrganisation: BarclaysOrganisation: RitzOrganisation: Littlewoods
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