Exor closes $2 bln sale of Cushman & Wakefield to DTZ

September 2, 2015 6:30 AM

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MILAN, Sept 2 Italian holding company Exor said on Wednesday it had closed this week the sale of Cushman & Wakefield to Chicago-based DTZ in a deal that valued the U.S. real estate services group at $2 billion.

Exor pockets $1.28 billion in net proceeds from the sale agreed in May, which generates a capital gain of $722 million for the holding company of Italy's Agnelli family.

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