Italy's Agnellis eye sale of U.S. property firm Cushman & Wakefield

Apr 04, 2015 548

by Danilo Masoni

Exor (EXOR.MI), the Italian investment holding company controlled by the Agnelli family, is considering a possible sale of Cushman & Wakefield, the world's third-largest real estate company, and could have a clearer picture in the next month or so, Exor's chairman, John Elkann, said on Tuesday. "We have received many signs of interest. We will have clearer ideas by the end of April or early May," Elkann said on the sidelines of an event in Turin, without naming any of the interested parties. "We are confident".

Exor, which also controls car maker Fiat Chrysler (FCHA.MI) (FCAU.N), paid $625 million for a 71.5 percent stake in Cushman & Wakefield in 2007. According to its website Exor now owns 80.9 percent of the New York-based real estate services company.

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Source: http://www.reuters.com/

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