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Both Peter Long and Paul Creffield are to step down as a heavy price for its effort to reduce the firm's heavy indebtedness.
Read MoreCountrywide brings in new blood and asks for £165 million to restructure debt
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BREAKING: Is major industry figure Robin Paterson eyeing up Countrywide?
Paterson owns Sotheby's Realty UK, helped expand Hamptons International and Barnard Marcus during the 1990s and recently set up an investment LLP to buy Countrywide shares.
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