CORRECTED-UK minister 'minded' to intervene in Telegraph sale

LONDON, Jan 20 (Reuters) - British culture minister Lisa Nandy said on Tuesday she was "minded" to intervene in the sale of the Telegraph newspaper for 500 million pounds ($672 million) to Daily Mail owner DMGT.

The Telegraph has been in limbo since 2023 when RedBird IMI - a joint venture between U.S.-based RedBird Capital and Abu Dhabi's International Media Investments - tried to buy it, but it was unable to take control when Britain limited foreign ownership of newspapers.

"It is important to note that I have not taken a final decision on intervention at this stage," Nandy said in a statement, adding that her "minded to" letter allowed parties to respond by January 26 before she makes a final decision.

($1 = 0.7437 pounds)