Feasibility test for Telegraph offers

Lazard bankers will meet representatives of the three bidders on Tuesday to agree terms on sale contracts. Once those negotiations are completed a winner might be announced before the end of the week, but the sale process has been marked by shifting deadlines and confusion over the seller's intentions.

It is understood that price will not be the at the centre of the discussions, whose main purpose is to ascertain whether the bidders are in a position to clinch a deal.