Billionaire Patrick Drahi allowed to keep BT stake after security review
by Reuters from on (#62SVR)
Entrepreneur prompted government investigation in May after raising stake in UK telecoms company to 18%
The billionaire Patrick Drahi will not be forced to cut his stake in BT after the UK government ruled the investment did not pose any national security implications.
The entrepreneur, who moved to France as a teenager and holds Israeli, French and Portuguese citizenships, is BT's biggest shareholder and has previously pursued debt-fuelled deals to buy assets in France, the US, Portugal and Israel.
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