Crest faces fresh takeover bid as Ronson sells his stake

Nov. 13, 2006
The Crest Nicholson board has reportedly rejected a £660 million takeover offer from an HBOS-led consortium – the same consortium that purchased McCarthy & Stone for £1.1 billion in September. The Castle Bidco consortium, including entrepreneur Sir Tom Hunter’s West Coast Capital, has purchased Gerald Ronson’s 23% stake in Crest, which he sold last week for an estimated £60 million …

Continue reading

To continue reading this article please login or register.

Login

Forgot your password?

Register for free

Quick and free registration

Register