Move brings together two of UK’s biggest estate agency groups
Connells has struck an agreed offer for Countryside, the owner of Hamptons International, after raising its bid to £130m, bringing together two of Britain’s biggest estate agency groups.
The boards of Connells, which is part of Skipton building society, and Countrywide, the UK’s biggest listed estate agency group, said they had agreed terms of a recommended cash offer at 395p a share. Connells made an initial offer of 250p a share in early November and raised this to 325p a share a month later. The shares traded at 145p before the initial bid was made.