French tycoon circling BT borrows heavily against Sotheby's historic home - NewsBreak
By Frank in Business
Updated 2 years ago
The French billionaire targeting BT for a potential takeover has mortgaged the historic London home of Sotheby's and borrowed heavily against the proceeds via an international chain of companies ending in Luxembourg. The telecoms entrepreneur Patrick Drahi acquired the fine art auction house in a £2.8bn debt-fuelled buyout in...
