StockMarketWire.com - Purplebricks Group said it had acquired Canadian real estate agency DuProprio/ComFree for around £29.3m.

Closing of the deal was expected to occur on or before 6 July, the company said.

'The board of Purplebricks believes that DPCF presents attractive opportunities to quickly grow market share in Canada,,' Purplebricks said.

'The valuation is attractive based on DPCF's strong market position in the Canadian real estate sector, impressive revenue growth since launch and its underlying profitability.'


At 2:54pm: [LON:PURP] Purplebricks Group PLC share price was -9p at 316.2p



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