IFIL, the investment vehicle of Italy's Agnelli family, has received approval from Italy's antitrust agency for the purchase of a 67.5% stake in Cushman & Wakefield, the world' largest privately-held real estate advisor, for EUR 430 mln. The acquisition was announced last December.
IFIL, the investment vehicle of Italy's Agnelli family, has received approval from Italy's antitrust agency for the purchase of a 67.5% stake in Cushman & Wakefield, the world' largest privately-held real estate advisor, for EUR 430 mln. The acquisition was announced last December.
'The operation does not lead to the creation or reinforcement of a dominant position in the interested markets such that is able to eliminate or reduce in a substantial and permanent way the competition,' the Italian agency stated. Ifil is the investment company of the Italian Agnelli Family, founders of the Fiat car company. C & W was founded by Clyde Cushman and Bernard Wakefield in New York City in 1917. It now has 192 offices in 58 countries and more than 11,000 professionals who help the firm's clients - landlords, tenants, and investors - to buy, sell, finance, lease, and manage property assets.
