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BNP Paribas and Strutts deal edges closer

BNP Paribas Real Estate and Strutt & Parker are edging closer to a possible merger, with due diligence and other technicalities being worked out.

A takeover of Strutts by the French company has been talked about for some time, with reports emerging in March that it was in advanced talks.

Strutt & Parker appointed Evercore in January last year to review the future of the business, which has been the object of interest from parties including CBRE and Bidwells over the past year.

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