Express Sold to OK! Publisher

23 November 2000

As expected [WAMN: 22-Nov-00], Richard Desmond yesterday purchased Express Newspapers from United News & Media for £125 million.

The deal sees the Express, Sunday Express and Daily Star titles added to the stable of Northern & Shell, publishers of OK!.

Desmond will finance the deal by borrowing from Commerzbank.

News source: Financial Times