Laws to allow UAE stake in The Telegraph approved by Lords

Foreign state-owned investors cleared to hold 15% stake in UK newspapers

A bid to block foreign state-owned investors from holding a 15% stake in UK newspapers has been seen off by the Government with Tory frontbench backing. An attempt by the Liberal Democrats in the House of Lords to prevent the threshold being raised from the previously proposed 5% was defeated by 267 votes to 155, majority 112. But the move saw a significant Conservative rebellion, with 41 of the party’s peers defying the whip to back the so-call…

Laws to allow UAE stake in The Telegraph approved by Lords

Peers vote to let foreign states take passive shareholdings in British newspapers of up to 15pc

The UK passes legislation to let foreign states own up to 15% in British newspapers, clearing the way for The Telegraph's sale to a RedBird Capital-led group

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