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Charles Stanley Group completes sale of unit
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CharlesStanley Group Plc said April 4 that it completed April 1 thesale of wholly ownedsubsidiary Charles Stanley Financial Solutions Ltd. to CS Financial SolutionsHoldings Ltd. for a total consideration of £2 million.
The consideration comprises £1.5 million in cash and£500,000 in loan notes, which are repayable in equal installments over threeyears on the anniversary of the deal's sale date.
CS Financial Solutions Holdings represents the managementteam led by Paul McGuckin.