• Barclay brothers take stake in Maybourne parent

It is reported that Sir David and Sir Frederick Barclay, the owners of the Telegraph Media Group, are planning a bid for the Maybourne Hotel Group.

The brothers, who also own The Ritz Hotel in London, purchased Misland (Cyprus) Investments, which owns 24.8% of Coroin Limited, Maybourne’s parent company, on Friday. They are now expected to table a formal offer to buy out the group’s other shareholders.

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