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Property Franchise Group (TPFG) has agreed a deal to acquire the Fine & Country chain.
TPFG is expected to announce its acquisitions of Fine & Country and Guild of Property Property Professionals to the stock exchange as early as today, according to Sky News.
The deal will create a network of around 1,800 letting agents and estate agents across the UK and overseas.
TPFG is said to be paying around £15m for the two assets, which will be operated through a licence model.
These are being acquired from Nurtur, a technology and communications provider to the residential real estate industry.
This marks the latest deal signed by TPFG, which recently acquired franchise group Belvoir.
The company has a market capitalisation of over £250 million and has grown rapidly to become one of the leading companies in its sector.
This is the latest in a series of high-profile acquisitions.
French bank giant BNP Paribas is currently seeking a buyer for Strutt & Parker, while Lomond Group is being prepared for auction by owners LDC, and there is also growing takeover speculation for Foxtons.
Neither TPFG nor Nurtur responded to requests for comment.
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