TRAFALGAR HOUSE BUYS U.S. BUILDER FOR 20 MLN DLRS
Trafalgar House Plc <TRAF.L> said it has
acquired the entire share capital of <Capital Homes Inc> of the
U.S. For 20 mln dlrs in cash.
    Capital Homes builds single family homes in the Washington
D.C. Area and is also active as a land developer both for its
own use and for sale to other builders.
    In the financial year to end February, 1987, Capital
recorded pre-tax profits of 3.7 mln dlrs on a turnover of 58
mln dlrs from the sale of 421 homes. Capital has a land bank of
some 2,600 units and in the current year the company expects to
sell 500 homes, Trafalgar House said.
 REUTER
