PropertyEU

DTZ buys Canadian firm J.J. Barnicke for EUR 20 mln

By A staff reporter 2007-11-08T00:00:00

Property adviser DTZ said on Thursday it had acquired Canadian peer J.J. Barnicke for EUR 19.8 mln, subject to a working capital adjustment. An additional EUR 1.1 mln may be payable if certain conditions are met. DTZ is financing the acquisition from existing facilities and notes convertible into DTZ shares.

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