The former owners of The Daily Telegraph are courting buyers for Yodel, one of Britain's biggest parcel delivery businesses, as they race to shore up their finances
The family's decision to explore a sale comes just weeks after it was left stunned by a move by Lloyds Banking Group to seize control of the Telegraph newspapers and The Spectator magazine by forcing them into receivership.
Yodel has operated in its current form since 2010, when the Barclays combined DHL's parcel delivery arm with Home Delivery Network. "I did ask the question: 'Is there an impact on Yodel?' I was told very clearly: 'No - we don't bank with Lloyds Banking Group and we don't trade with the Telegraph so there is no link,'" Mr Hancox told the newspaper."If anybody was serious, we would entertain them ... The right offer has not yet come along, but it might do," he said.
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