Crest’s future unclear following sale

May 1, 2007
What is the future for Crest Nicholson after the housebuilding and urban regeneration crusader exits the stockmarket on May 3? Castle Bidco, a consortium comprising Sir Tom Hunter and HBOS bank, are buying Crest in a £713 million deal that chairman John Matthews described as a “positive development for the business and its prospects.” Crest’s board accepted a deal that …

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