P205 CEEFAX 205 Fri 12 Aug 21:26/41
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n1n1 |.% BEAZER SELLS OFF
( /^%/.%/, /,$ JOHN MOWLEM UNIT
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5 Stock market njwcomjr Beazer Homes j
5 has already sold part of its newly j
5 acquired John Mowlem Homes arm. j
5 j
5 Beazjr, which camj to the markjt in j
5 March this year, has completed the j
5 sali of JMH's Northjrn Irish unit. j
u j
5 Whjn it bought JMH last month (for j
5 £31m) it revjaled it was already in j
5 talks about just such a sale. j
5 j
5 The Ladyhill group of companies is j
u paying Beazer £2m in cash for the j
5 business - a figure which, Beazer j
5 insists, equates with its original j
5 valuation. j
5 j
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