Business
Disposal
Disposal.
About this update from Savills Plc
[{"type":"text","content":"\n \nRNS Number : 8390F Savills PLC 03 May 2011 \n \n\n \n \n3 May 2011\n \nSAVILLS PLC\n(\"Savills\" or \"the Group\")\n \nDisposal of majority interest in Savills Private Finance\n \nSavills 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 £4.2 million.\n \nThe 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.\n \nFor further information, contact:\n \nSavills 020 7409 8844\nSimon Shaw, Group Chief Financial Officer\n \nTulchan Communications 020 7353 4200\nJohn Sunnucks \nPeter Hewer\n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END DISEALSDESDFEFF \n ","length":1906,"tagName":"div"}]