With the appropriate structuring, good management, a strong editorial team and an injection of cash, Express Newspapers can once again become an excellent business investment

The Hinduja Group

The Hinduja Group said in a statement that the Express titles are "great British institutions with a proud history".

It went on to announce an intention to "appoint a respected board of trustees to guarantee the editorial independence of the newspapers and to encourage a genuine campaigning spirit on issues that matter to the British people and that improve the quality of life for everyone".

'Invaluable addition'

The group - which also has interests in the banking, oil, infrastructure and chemicals industries - said Express Newspapers would be an invaluable addition to its growing international media and communications interests.

"The Hinduja Group has been looking for some time to acquire a print media group," said the statement.

"On hearing that Express Newspapers might be available, the group recognised that this is precisely the kind of business that it required.

"The group believes that with the appropriate structuring, good management, a strong editorial team and an injection of cash, Express Newspapers can once again become an excellent business investment as part of the group's media communications business."

A UN&M spokesman declined to comment.