LSL Property Services has sold its remaining stake in Zoopla Property Group, reports Estate Agent Today.
The realty group provides residential property services to its key customer groups, which incorporates both estate agency and surveying businesses and includes High Street brands Your Move and Reeds Rains.
The company had – over the summer – disposed of almost 7.8m shares in ZPG, leaving 3.5m; these have now been disposed of in the six weeks up to October 31.
The transaction proceeds will be used to “reduce corporate indebtedness and for other general corporate purposes” according to the statement.
