SALE TILNEY BUYS STAKE IN U.S. INSURANCE BROKER

  &lt;Sale Tilney Plc> said it has purchased
  80 pct of the ordinary share capital of &lt;B and R International
  Inc.>, a U.S. Insurance broker, for 5.6 mln dlrs.
      Sale is paying 3.6 mln dlrs in cash on completion, with the
  balance plus interest to be paid in equal instalments over the
  next six years.
      B and R posted pretax profit of 855,000 dlrs in the year to
  Dec 31, 1986 when it had net tangible assets of 563,000 dlrs.
  

