Many of those sales were made to the same entities controlled by Mr. Cosby.
In a number of cases, Hollinger sold newspapers to entities controlled by Lord Black and his associates for far below their market value.
Under the current proposal, they would own 7 percent of the new entity controlled by Banco Santander, that person said.
The PB&W remained a separate legal entity, controlled and operated by the new company.
Eventually they bought the land from an entity controlled by Lehman Brothers for about $43 million, he said.
Investors found yesterday's announcement inconsistent with the company's statement in March that it lent a total of $2.3 billion to entities controlled by the family.
We are now in the process of adding several entities controlled by Gaddafi and his closest associates to that list.
"But even more objectionable is the official participation of entities controlled by your Government in stealing American jobs."
Bramston said he was trying to secure the best price in liquidation and would not rule out a sale to an entity controlled by Teixeira.
Wards are local entities directly controlled by the municipal government.