Purplebricks to sell business to Strike
17/05/2023 09:03
May 17 (Reuters) - Purplebricks Group PURP.L said on
Wednesday it had entered a conditional agreement to transfer its
business to Strike Ltd for a consideration of 1 pound ($1.26)
and the assumption of the British online estate agent's
liabilities.
Purplebricks said the proposed sale is expected to deliver a
small return to shareholders, sending its stock down 24% in
morning trade.
($1 = 0.7923 pounds)
(Reporting by Eva Mathews in Bengaluru)
((Eva.Mathews@thomsonreuters.com;))
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