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Countrywide said the sale of Lambert Smith Hampton had been delayed as John Bengt Moeller had been indisposed in January, while 'logistical difficulties' in transferring the money also weighed.
The company said, however, it had been re-assured by Moeller that completion was 'imminent.'
'The company continues to work with Moeller to resolve this situation urgently and is taking all necessary steps to achieve completion as soon as possible,' Countrywide said.
At 8:27am: (LON:CWD) Countrywide Plc share price was -18.7p at 345.3p