PHOTO: McGrath/The Agency
The Agency, set up by the McGrath rebels three years ago, has confirmed discussions have taken place with local and offshore real estate agencies for a possible merger.
The Agency did not confirm any of the parties involved.
They also told shareholders this afternoon that there was “sufficient doubt” that any of the discussions may lead to a formal agreement.
The discussions are said to be in “various stages.”
The imperative for any merger or takeover acceptance dissipated mid-week when The Agency secured six more months of funding from Macquarie.
The update came at 12.52pm this afternoon after an online report was published in the Australian Financial Review mid-morning suggesting the merger could be with McGrath.
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