Privately owned Dexters could snap up Marsh & Parsons from London-listed LSL Property Services as soon as this week, Sky News learns.
A London-based estate agent chaired by the former Sainsbury's chief Justin King is on the brink of a deal to buy rival Marsh & Parsons.
Sky News has learnt that Dexters, which is privately owned, has been in talks for weeks with LSL Property Services, Marsh & Parsons' London-listed parent company.If completed, it would add Marsh & Parsons' roughly 30 branches to more than 70 operated by Dexters. By some measures, a deal would make the combined group the biggest estate agent in the capital, one industry source said on Wednesday evening.The chain's value in the transaction is expected to be approximately half that, according to the source.
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