Disposal

RNS Number : 8390F

Savills PLC

03 May 2011

 



3 May 2011

SAVILLS PLC

("Savills" or "the Group")

Disposal of majority interest in Savills Private Finance

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 £4.2 million.

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.

For further information, contact:

Savills    020 7409 8844

Simon Shaw, Group Chief Financial Officer

Tulchan Communications    020 7353 4200

John Sunnucks 

Peter Hewer

 

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