Kensington agrees to Investec takeover

Ailing mortgage lender Kensington Group today agreed to be bought by banking firm Investec in a deal valuing the group at £283m (€416m).

Kensington agrees to Investec takeover
Wed, 30 May, 2007 - 12:01

Ailing mortgage lender Kensington Group today agreed to be bought by banking firm Investec in a deal valuing the group at £283m (€416m).

Investec emerged as the winning bidder after Kensington held talks with a number of potential suitors as part of a review of the beleaguered business.

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