London's Evening Standard sold to ex-KGB agent - Reuters

LONDON (Reuters) - Russian billionaire and ex-KGB agent Alexander Lebedev is buying a majority interest in London's struggling Evening Standard newspaper for a nominal sum, current owner Daily Mail & General Trust ( DMGOa.L ) said.

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A new company, Evening Standard Ltd, will be set up to own the Evening Standard with DMGT retaining a minority stake of 24.9 percent, DMGT said in a statement on Wednesday. Lebedev -- who owns stakes in Russian banks, energy companies and airline Aeroflot ( AFLT.MM ) as well as Russia's main opposition newspaper -- said last week he was interested in influential British newspapers.

Full Story: London's Evening Standard sold to ex-KGB agent - Reuters