Towry buys Deverill Black & Co from Lighthouse for £0.5m

Glenister, Michael
December 2013
Money Marketing (Online Edition);12/20/2013, p9
The article reports that Lighthouse has sold its 50.1 percent holding in subsidiary and AR firm Deverill Black & Co. to Towry. Lighthouse says that it concluded the holding in Deverill Black was not strategic in nature and decided to sell its stake for. In 2012, Deverill Black showed a pre-tax profit of 44,173 pounds and net assets of 152,891 pounds.


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