Legal & General sells UK house builder Cala Homes for $1.79B

Legal & General ( OTCPK:LGGNY ) announced the sale of Cala Homes to private equity firms Sixth Street Partners and Patron Capital for ~£1.35B (~$1.79B).

The decision to sell Cala Homes comes as part of L&G's ( OTCPK:LGGNY ) broader strategy to refocus.