London newspaper refuses to reveal identity of new financial backerAn anonymous offshore investor has taken a 20% stake in the parent company of George Osborne’s Evening Standard, with the newspaper refusing to reveal the identity of its new financial backer.The newspaper’s Russian owner, Evgeny Lebedev, sold about a fifth of Lebedev Holdings, which has a majority stake in the Evening Standard, to a Cayman Islands-registered company in December, according to official filings that suggest the mysterious new backer has invested millions of pounds in the loss-making London newspaper. Continue reading…
Via: Mystery offshore investor takes 20% stake in Evening Standard
Categories: English News