Taylor Wimpey sells USA arm to focus on improving UK market

May 1, 2011
Taylor Wimpey has sold its North American business for £595 million to TMM Holdings Ltd Partnership, a property investor backed by TPG Capital and Oaktree Capital. The sale comes as the firm delivered an upbeat statement to the City, reporting good progress with its 95% mortgage product, Take5, which it launched in February. The firm said that it is seeing …

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