Countrywide takeover vote rescheduled

Countrywide, the UK's largest residential real estate broker, has postponed a shareholder meeting to approve the EUR 1.473 bn takeover bid by the private equity group 3i after it became clear that the number of shareholders voting against it was much higher than expected. Europe's biggest publicly traded buyout firm 3i asked for the delay in order to 'hold further consultations with Countrywid's significant shareholders', newspaper the Financial Times reported.

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