DTZ up for sale after takeover talks collapse
Property consultant DTZ has put itself up for sale two days after the company’s majority shareholder pulled out of takeover talks.
In a statement yesterday, the company, which has an office in Leeds, said: “(DTZ) has received preliminary indications of interest from a number of parties potentially interested in acquiring DTZ.” French family-run property group Saint Georges Participations (SGP), which owns about 55 per cent of DTZ, walked away from takeover talks on Monday, having cited the global economic turmoil as a major stumbling block to the deal.
SGP had made its bid in partnership with BNP Paribas Real Estate, which was to take over DTZ as part of a deal reportedly valuing the company at £162m.