Guy Hands and Annington Homes, rather than taxpayers, benefited from soaring UK property market after 1996 privatisation
The UK government wants to reverse a controversial privatisation deal by seeking to wrest ownership of 38,000 homes in the Ministry of Defence housing portfolio from the billionaire private equity boss Guy Hands.
The move is expected to lead to a legal battle between the MoD and Hands’ private equity firm Terra Firma over whether the government can take back full ownership of the homes.
