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Beleaguered estate agent Countrywide attracts major new investor

Reposit NS

Investment company Investec Asset Management has bought a 5.6% stake in Countrywide.

It had not had shares in the UK’s largest estate agent before, but as of this week holds just over 13.3m shares.

The purchase was announced at 2pm on Tuesday afternoon, when the Countrywide share price stood at 113.50p.

At that price, Investec’s shareholding would be worth in the region of £15.1m.

Yesterday, Countrywide shares closed the day at just over 113p.

Investec currently sponsors the England cricket team.

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Source:: Beleaguered estate agent Countrywide attracts major new investor