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BOVIS SALE COMPLETE

P&O has completed the sale of Bovis Group for £315 million to Lend Lease Corporation. Bovis Chairman Sir Frank Lampl has stood down from the P&O board. Lampl, who served on the board since 1985, was born in Czechoslovakia, survived Auschwitz and was imprisoned by the communists in the early 1950s. The sale was announced a month ago but was conditional on approvals in Europe and the US.

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