Countrywide estate agents receives £82m takeover bid from rival Connells

UK’s largest listed estate agency group was offered £90m by private equity firm Alchemy

Countrywide, the estate agency group that owns Hamptons International and Gascoigne-Pees, has received a £82m takeover approach from its rival Connells.

Countrywide, the UK’s largest listed estate agent group with 731 branches, said it had received an indicative approach from Connells at 250p a share in cash, which would take it back into private ownership. Countrywide shares surged 48% to 214.8p on the news.

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