July 24, 2021

Hidden buyer of UK’s Evening Standard stake revealed as Saudi investor [used a Cayman Islands company]

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By Matthew Graham and Cynthia O’Murchu From Financial Times The mystery buyer of a large stake in the Evening Standard’s parent group who used a Cayman Islands company to mask his identity is Sultan Mohamed Abuljadayel, a Saudi investor, according to two people with knowledge of the deal. The free London newspaper, which is edited […]

Unnamed investor snaps up 20 per cent stake in Evening Standard through Cayman Island company

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By James Walker From Press Gazette An unnamed investor bought a 20 per cent stake in the Evening Standard’s parent company in December through a Cayman Islands firm, but owner Evgeny Lebedev has refused to shed further light on their identity. The free daily newspaper’s parent company, Lebedev Holdings, received a £14m investment from the unknown financier, according […]