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Saudi purchase of paper stakes attacked


The Times, 23/07/2019

At a hearing of the competition appeal tribunal yesterday, David Scannell, a barrister for the government, said that the arrangements behind the stake acquisitions were “unconventional, complex and clandestine”, according to the Financial Times.“Ultimately, what we’re talking about here and what's of concern to Her Majesty's Government is the possibility that a foreign state could be acquiring a substantial shareholding in Lebedev Holdings and The Independent simultaneously," he reportedly said.