Foxtons is in talks to takeover rival London company Douglas & Gordon.
A press release from Foxtons to shareholders this afternoon says: “Additional to current press hypothesis, Foxtons confirms that it’s in discussions relating to a possible acquisition of Douglas & Gordon, the London primarily based property agent. These discussions mirror the Firm’s acknowledged ambition to accumulate prime quality companies with sturdy lettings books. Any potential acquisition can be funded by the Firm’s current money assets. There might be no certainty that an acquisition of Douglas & Gordon will likely be accomplished.”
