Exor says agrees to sell Cushman & Wakefield for $2 bln to DTZ
MILAN May 11 (Reuters) - Italy's Exor said on Monday it had agreed to sell real estate Cushman & Wakefield to commercial real estate services firm DTZ in a $2 billion deal.
The Italian holding company, controlled by the Agnelli family, said it will post a capital gain from the deal of $722 million.
Exor said that DTZ, which is backed by private equity group TGP, will merge with Cushman & Wakefield to create one of the world's largest real estate services companies. (Reporting by Francesca Landini)
© Thomson Reuters 2016 All rights reserved.