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Crest Nicholson shares sold at 327p - Deutsche Bank

Reuters - UK Focus

LONDON, Nov 19 (Reuters) - British housebuilder Crest (BSE: CREST.BO - news) Nicholson has sold shares at 327 pence, said Deutsche Bank in a statement on Wednesday.

The German bank said on Tuesday it was placing, alongside Barclays (LSE: BARC.L - news) , around 25.4 million shares in Crest Nicholson on behalf of Varde Investment Partners.

The accelerated share offering constitutes Varde's full residual stake, Deutsche Bank (Xetra: 514000 - news) said in a statement. (Reporting by Sophie Sassard; Editing by Steve Slater)