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Legal & General Group has agreed to sell UK homebuilder Cala Group to funds managed by Sixth Street Partners and Patron Capital in a deal valued at $1.8 billion. The transaction, which also sees Cala Group being sold for £1.35 billion, is part of Legal & General's strategy to streamline its operations. The sale comes amidst a backdrop of rising consumer prices, which increased by 2.2% in August.
