Terra Firma Capital Partners Eyes Sale of Annington Homes: Sky

Guy Hands’ Terra Firma Capital Partners has started talks with banks about an auction process for U.K. landlord Annington Homes, Sky News reported Saturday, citing people close to the Terra Firma founder.

A deal could value Annington at more than 9 billion pounds ($12.2 billion), including debts of more than 4 billion pounds, Sky cited unidentified people involved in the City of London as saying.

Terra Firma and Annington declined to comment to Sky.

To contact the reporter on this story:
Leonard Kehnscherper in London at lkehnscherpe@bloomberg.net

To contact the editors responsible for this story:
Tiago Ramos Alfaro ...