HBOS is selling all it’s shares in Rightmove Plc., the firm that operates Rightmove real estate portal. The company that founded the website is reportedly selling more than 16 million shares for a bit less than £60 million.

HBOS said that the sale was the end of a “strategic investment”, and that it was not a sign of any concern about the company.

Source: Financial Times

PS Rightmove floated on the London Stock Exchange in March 2006. Click here for it’s profile in FT Markets Data.

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