Tie-up would have created company with 14,000 staff and 1,000 estate agency outlets
LSL Property Services has abandoned a proposed merger with its rival Countrywide that would have brought together well-known brands such as Hamptons International and Your Move.
In a brief statement to the stock exchange, LSL said it “does not intend to make an offer for Countrywide”, less than a month after the companies confirmed they were in talks about a deal, which at the time would have been a £470m all-share merger.
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