WILLIS FABER NOT SELLING MORGAN GRENFELL STAKE <Willis Faber Plc> said its 20.8 pct holding in stockbrokers Morgan Grenfell Group Plc <MGFL.L> was not up for sale. The insurance broker issued a statement in reply to recent press speculation which it said was in part "inaccurate and undesirable." "Willis Faber has not received any offers for its stake in Morgan Grenfell," it said, adding that an offer would have to be considered on its merits. "Willis Faber's stake in Morgan Grenfell has been a very successful investment," it said.