City rumours hint Ronson is ready to sell Crest stake

July 27, 2006
Rumours are circulating that Gerald Ronson is preparing to sell his stake in Crest Nicholson. Ronson, who built up his 23.3% stake in Crest three years ago when shares were trading at around 300p, would make a £65 million profit on yesterday’s closing price of 544.25p. Traders expect Wimpey, Persimmon and Bovis to be at the front of the queue …

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