LDC agrees to sell Property Software Holdings for $106.5 mln

LDC agreed to sell Property Software Holdings Ltd. to Zoopla Property Group for 75 million pounds. LDC originally backed the 17.8 million pounds management buyout of Property Software from Guardian Media Group in 2013. Completion of the sale is conditional upon either the cancellation of the company's existing FCA Consumer Credit License or FCA approval of the change of control of PSG, whichever is the earlier. The sale would be LDC's second exit of the year.

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