HBOS to lead Barclay Brothers' funding for Telegraph

HBOS, the UK bank and part of the lending syndicate to Philip Green's indicative £8.3bn (€12.47bn) proposed offer for Marks & Spencer, is to be sole debt provider financing the Barclay Brothers' successful £665m bid for The Telegraph Group.

The Barclay Brothers are close to Peter Cummings, managing director of corporate banking at HBOS.

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