PurpleBricks Receives £125 Million Investment from Axel Springer, Plans Further Expansion into US Property Market
Purplebricks Group plc (AIM: PURP), a “hybrid estate agent,” has received a £125 million strategic investment from German conglomerate Axel Springer via its subsidiary of Fünfundachtzigste Vermögensverwaltungsgesellschaft mbH. Following the investment, Axel Springer will own approximately 11.5% of Purplebricks. Concurrently, Purplebricks will appoint Dr Andreas… Read More
Read more in: General News, Investment Platforms and Marketplaces, Real Estate | Tagged axel springer, germany, michael bruce, purplebricks, uk, united kingdom