An Egyptian billionaire has denied reports he was involved in talks to buy the Independent newspapers.
MediaGuardian.co.uk on Tuesday said that Samih Sawiris, the chairman and chief executive of Orascom Development Holding and one of three sons of Onsi Sawiris, founder of the Orascom group of companies in the 1950s, has been negotiating with London Evening Standard owner Alexander Lebedev over joining his proposed bid for the Independent and Independent on Sunday.
However, Sawiris told British media on Wednesday that he was not aware of his alleged involvement with the Independent titles. continue reading…



