British housebuilder Taylor Wimpey (TW.L) has sold its North American business to TMM Holdings for $955 million to cuts its debt and pension deficit, as well as focus on its core UK housing business. "The sale is a significant step towards our goal of becoming a UK focused homebuilder," Taylor Wimpey's Chief Executive Pete Redfern said. "The sale will provide us with a strengthened balance sheet and increased financial capacity to invest in the UK and to pursue our strategic aims of focusing on margin growth."
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