.jpg){kind=avatar}
Purplebricks has received “several credible expressions of interest” since putting itself up for sale last month, the online agent has revealed.
The beleaguered brand launched a strategic review of its future in February and the board said in a stock market update this morning that it wished to pursue these in a coordinated fashion.
To do this, the announcement said Purplebricks has launched a formal sale process and has gained permission from the Takeover Panel that any interested doesn't need to be publicly identified and are exempt from the 28-day deadline to make an offer or withdraw their interest publicly.
The announcement said: "The formal sale process will enable the board and its advisers to conduct an orderly process and engage more widely with potentially interested parties, with a view to maximising the outcome for Purplebricks’ shareholders.
"It remains possible that, following completion of the process, the board will consider that Purplebricks and its shareholders would be best served by alternative strategic options available to the company, including by Purplebricks remaining a listed company."
The company said no firm offers have been made yet.
Join the conversation
Jump to latest comment and add your reply
So the £1 offer wasn't enough then?
Looks like they will sell something this year then.
Please login to comment