Richard Desmond opens books of Express Newspapers as bidder David Montgomery lines up investors

Richard Desmond has opened the books of his newspaper and magazine business as it progresses towards a sale, City A.M. understands.

Former News of the World editor David Montgomery is leading on a planned takeover deal for the business, with the backing of several investors secured in principle.

City A.M. has learned that hedge fund Artefact Partners is among the potential investors waiting on a due diligence report on Express Newspapers.

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