BRIEF-Värde Management to sell half of its stake in Crest Nicholson

Feb 11 (Reuters) -

* Barclays bank plc - proposed placing

* Barclays bank - proposed placing of 25,142,729 ordinary shares in Crest

Nicholson Holdings PLC the "company") by värde

* Barclays bank plc - placing shares represent approximately 10.0%

of the company's issued share capital

* Barclays bank plc - placing shares are being offered by way of an

accelerated bookbuild

* Barclays bank - Barclays Bank J.P. Morgan securities are acting as joint

bookrunners in connection with the placing

* For more news, please click here Href="NewsSearch">CRST.L ((London Equities Newsroom; +44 20 7542 7717))