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Simmons and Freshfields in Lebedev Evening Standard takeover

Simmons and Freshfields in Lebedev Evening Standard takeover

22 January, 2009

 Freshfields Bruckhaus Deringer has advised Daily Mail and General Trust plc on its sale of a majority interest in the Evening Standard for a nominal sum to Evening Press Ltd, a company formed by Alexander Lebedev and his son Evgeny Lebedev and owned by Lebedev Holdings Ltd.

Daily Mail and General Holdings Limited will own a minority shareholding of 24.9% in Evening Press Ltd and Associated Newspapers Ltd, DMGT’s newspaper division, will continue to provide services, including printing and distribution to the Evening Standard.

Lebedev and son have called on Simmons & Simmons to advise them on the sale of the paper.

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