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3 May 2011 15:54
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3 May 2011
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SAVILLS PLC
("Savills" or "the Group")
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Disposal of majority interest in Savills Private Finance
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Savills plc, the international real estate advisor, announces that it has today completed the sale of a majority interest (80.01%) in Savills Private Finance (SPF) to the SPF senior management team. At 31 December 2010, the SPF business had gross assets of Β£4.2 million.
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The business will be renamed "SPF Private Clients" and will continue to provide a full financial services solution to Savills clients and staff. Savills will continue to hold a 19.99% stake in the business.
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For further information, contact:
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Savills 020 7409 8844
Simon Shaw, Group Chief Financial Officer
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Tulchan Communications 020 7353 4200
John SunnucksΒ
Peter Hewer
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