Axel Springer quits Purplebricks’ board

Purple Bricks sale sign shutterstock_1336525940 William Barton

PurpleBricks’ largest shareholder, Axel Springer, has withdrawn its director from the struggling online estate agent’s board while the business pursues a sale.

Ait Voncke was appointed to the board in July 2022 as a representative of Axel Springer, which owns 26.5% of the group and was once considering a takeover of Purplebricks.

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