Exor closes $2 bln sale of Cushman & Wakefield to PE-backed DTZ: Reuters

Italian holding company Exor said on Wednesday it has closed the sale of Cushman & Wakefield to Chicago-based DTZ in a deal that valued the U.S. real estate services group at US$2 billion, Reuters reported. DTZ is owned by private equity group TPG, PAG Asia Capital and the Ontario Teachers' Pension Plan. The group acquired the business in 2014.

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