Exor: Cushman & Wakefield in Dtz sells for $ 1.27 billion – AGI – Agenzia Journalistic Italy

Economy

09:00 May 11, 2015

(AGI) – Rome, May 11 – Exor has signed an agreement to sell Cushman & amp; Wakefield Dtz to 1.278 billion dollars.
He reports a note. The merger between the two companies’ give ‘life to one of the most’ large groups in the world and in the sector of services for the real estate industry, recognizes Cushman & amp; Wakefield a total enterprise value amounted to 2.042 billion dollars and is to Exor record a capital gain of $ 722 million.
The completion of the transaction, and that ‘subject to the usual conditions well’ approval of the relevant authorities’, and ‘it planned for the fourth quarter of 2015. The company’ result will operate ‘with the brand Cushman & amp; Wakefield. Dtz shareholders, TPG Capital, Pag Asia Capital and Ontario Teachers’ Pension Plan, have committed to invest in the development of the new company ‘, preserving and enhancing the exceptional quality’ of senior management and the brokers of Cushman & amp; Wakefield. (AGI).

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