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Desjardins Group acquires a real estate holding, including DuProprio, from Purplebricks Group plc for about C$60.5M

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Desjardins Group

In July 2020, Desjardins Group, the leading cooperative financial group in Canada, announced that it has reached an agreement with Purplebricks Group plc, the leading U.K. hybrid estate agency, to acquire its Canadian holding company for about C$60.5 million. The Canadian holding and its companies were operating two brands, namely Purplebricks Canada and DuProprio, each with a unique business model. Combined, the acquired companies have more than 500 employees in Canada.

A Fasken team composed of Sylvie Bourdeau, Guillaume Synnott, Joëlle Simard, Felicia Yifan Jin, Ralph Aziz (Corporate); Martin Legault, Andrew Haikal (Tax); Jean-Philippe Mikus, Amy Tang (IP); Sébastien Richemont, Jean-François Trudelle, Iad Hanna, Andrew Dixon, Camille Duguay (Litigation), Julie Uzan-Naulin, Terry Kyle Lapierre, Rachel Younan and Marie-Gabrielle Bélanger (LEHR) acted of behalf of Desjardins Group in connection with this acquisition. 


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