Connells completes due diligence, confirms off for acquisition of Countrywide plc

LONDON: The board of Connells Limited has completed its due diligence in relation to Countrywide plc and re-confirmed its proposal to acquire Countrywide at a price of 250 pence per Countrywide share, translating into an enterprise value of £172.3 million. The making of any firm offer in accordance with Rule 2.7 of the Code is…

Countrywide PLC

Countrywide PLC is the United Kingdom’s largest property group, including residential property surveying, a collaboration of estate agents, and corporate services. It employs circa 10,000 personnel nationwide, working across 850+ estate agency or lettings offices operating under 65+ local high street brands, supplemented by 650 mortgage consultants. Countrywide is listed on the London Stock Exchange.…