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CGT Count down: Cullum turns attention to US Hedge Fund

Towergate founder and chairman Peter Cullum is in advanced talks to sell a slice of his company to US hedge fund Och-Ziff, according to reports.

The Daily Telegraph claims Och-Ziff aim to buy about £100m worth of preference shares in Towergate, which could net Mr Cullum an estimated £70m.

Talks between Och-Ziff and Towergate started at the

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