A clock face is seen outside of the London offices of the Daily Mail newspaper in London, Britain, April 28, 2018.
REUTERS/Toby Melville/File PhotoAug 12 (Reuters) - The Daily Mail and General Trust has registered its interest with British bank Lloyds (LLOY.L) for a potential bid for The Telegraph, a spokesperson told Reuters on Saturday.
Individual external investors would be unlikely to own more than 20% of the Telegraph titles if they formed part of a consortium with the Daily Mail proprietor, the report added.
Last month, the Telegraph and Spectator appointed investment bank Goldman Sachs (GS.N) and law firm Linklaters to advise on their sale.
Reporting by Kanjyik Ghosh in Bengaluru; Editing by Giles ElgoodOur Standards: The Thomson Reuters Trust Principles.
Persons:
Toby Melville, Rothermere, Barclay, Goldman Sachs, Linklaters, Kanjyik Ghosh, Giles Elgood
Organizations:
Daily Mail, REUTERS, General Trust, Lloyds, The Telegraph, Sky News, DMG, Telegraph, Daily, Sunday Telegraph, Spectator, Thomson
Locations:
London, Britain, Bengaluru