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Article: Lord Hollick is prepared to sell, and he has a prospectus that proves it
- Article from:
- The Spectator
- Article date:
- June 19, 1999
- Author:
CopyrightCopyright Spectator Jun 19, 1999. Provided by ProQuest LLC. (Hide copyright information)
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The Express is not for sale. That has been the official line of Lord Hollick, the chief executive of United News and Media, which owns the Express titles and the Daily Star. Of course, no one really believed him, but until now there has been no clear evidence that he was being rather economical with the truth.
I mentioned three weeks ago that the Barclay brothers were sniffing around the Express. I am told they want it badly. The only issue is price. With that in mind, Kleinwort Benson, bankers to United News and Media, has been preparing a comprehensive information package of 'financials' for perusal by the Barclays. The thing has been at least a month in the writing, but should be with ...