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does countrywide own rightmove
lor6126
Posts: 253 Forumite
was told this by countrywide, is it true?
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Comments
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I dont think it is true, although I think there may be a connection greater that that of just and EA that advertises it.I am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
In their public share offering documentation, from 2006, the small print includes;
UBS Limited (“UBS” or “UBS Investment Bank”) is acting exclusively for Rightmove and Countrywide Estate Agents, Halifax Estate Agencies Limited, RSA E-Holdings Limited and Connells Limited (the "Selling Shareholders")
who appeared to be the selling shareholders.
In 2007, Countrywide were still one of the major shareholders, it appears, having 21.5%;
http://uk.reuters.com/article/idUKWLB583720070302Act in haste, repent at leisure.
dunstonh wrote:Its a serious financial transaction and one of the biggest things you will ever buy. So, stop treating it like buying an ipod.0 -
thanks for that, it was mentioned in the sales pitch when we got a valuation done and i just wondered if it was true.0
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