Property News · February 24, 2020

Estate agents Countrywide and LSL in talks over £470m merger


Tie-up between owners of Hamptons International and Your Move could result in job lossesTwo of Britain’s biggest estate agency groups are in talks over a possible £470m merger that will bring together well-known brands such as Hamptons International and Your Move and could also mean job losses.In a brief statement to the stock market, Countrywide said that “it is in discussions with LSL Property Services regarding a possible all-share combination”. LSL issued a similar statement, and added: “LSL reserves the right to introduce other forms of consideration and/or vary the mix or composition of consideration of any offer.” Continue reading…

Source : theguardian.com
Read more…Estate agents Countrywide and LSL in talks over £470m merger