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Oaktree, Patron Capital line up for Countryside Properties

6 Feb 2013

counprop_sqOaktree Capital Management and Patron Capital are reportedly among bidders vying for control of Lloyds Bank-backed Countryside Properties, one of the UK’s largest privately-held housebuilders.

Sky reported the news on Tuesday, citing unnamed sources.

The company hired JP Morgan Cazenove in May last year to handle the sale following a host of Government stimulus packages that benefitted the housebuilding sector, the report said.

Lloyds inherited the business when it rescued HBOS during the banking crisis, the report added.

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