Countrywide turns to equity sale to offset debt woes

Sam Kerr

August 02, 2018 12:30 pm

estate_agent_PA_ 230x150 — Embargoed to 0001 Thursday June 14 File photo dated 08/06/16 of two women looking at houses for sale in an estate agent's window. A Royal Institution of Chartered Surveyors' survey found that the number of homes coming on to the housing market is showing signs of positive growth for the first time in more than two years. | Yui Mok/PA Wire/PA Images

UK estate agent Countrywide has turned to the equity capital markets to resolve its debt issues and has initiated a share sale to raise £129m as part of its “Absolute Growth Plan” to turn its fortunes around.

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Equity UK Europe Follow-ons and Rights issues EMEA

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Sam Kerr