Fund manager sells a chunk of his share in Purplebricks

British fund manager, Neil Woodford, has recently sold another chunk of his Purplebricks share and spectators continue to analyze and predict the future ownership of the hybrid real estate agency.

In a recent announcement to shareholders and the City it was revealed that his company Woodford Investment Management Ltd, based in Oxford, had reduced its share in the company from 19.25 percent to 17.64 percent.

As recently as early June Woodford owned almost 29 percent of the company.

It is unknown who has bought Woodford’s latest sell off but there is growing speculation that the Germany publishing giant Axel Springer - already the largest shareholder with over 26 percent - is interested in purchasing the troubled agency.

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