Abu Dhabi fund seizes control of Barclay family’s property empire after failed Telegraph takeover. UAE-owned IMI appoints insolvency experts to sell Trenport assets. IMI seeks to recoup losses after helping family pay debts. IMI also emerges as a creditor to Very Group, taking control of Shop Direct Holdings.

IMI takes control of Shop Direct and Trenport as part of the family’s financial collapse. IMI now reviews assets for monetization. Trenport involved in property and development schemes. Administration does not affect Beaumont Hotel or Skygate.

Barclay family’s empire continues to unravel with Trenport seizure. Financial collapse led to loss of Yodel, Spectator HQ, Lady Beatrice yacht. Very Group ownership ceded to Carlyle. Trenport assets to be offloaded by Interpath. Trenport posted lower profits in 2024.

Barclays lose control of Trenport as IMI seeks to raise funds. Trenport involved in residential and commercial developments. Profits and revenues decline in recent years. Barclays listed as directors with loans due for repayment. Trenport tied to loan agreement with LW Holding Limited.

Barclays lose control of Trenport after Logistics Group collapse. HSBC faces losses of £143m. Administrators warn bank may not be repaid in full. Barclays and IMI could not be reached for comment.

Read more at Yahoo Finance: Abu Dhabi fund seizes Barclays’ property empire after giving up pursuit of The Telegraph