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Axel Springer doubles stake in online estate agent Purplebricks

Axel Springer increases its minority interest in Purplebricks from around 12.4 percent to approximately 26.6 percent. As part of the transaction, 43.7 million shares of Purplebricks will be acquired from various founding shareholders at a price of GBP 1.00 per share. At current exchange rates, Axel[…]