Desjardins Group acquires a real estate holding 20 July 2020
Desjardins Group, the leading cooperative financial group in Canada, has reached an agreement today with Purplebricks Group plc, the leading UK hybrid estate agency, to acquire its Canadian holding company, 9059-2114 Québec inc. The Canadian holding and its companies operate two brands (Purplebricks Canada and DuProprio) each with a unique business model. Combined, the acquired companies have more than 500 employees in Canada, with over 300 in Quebec and some 200 across Ontario, Manitoba and Alberta. The deal, valued at about CAN$60.5 million, takes effect on July 15th, 2020.