The planned sale of property adviser DTZ is in trouble after only one of four potential bidders tabled a binding offer, news agency Reuters reported on Monday.
The planned sale of property adviser DTZ is in trouble after only one of four potential bidders tabled a binding offer, news agency Reuters reported on Monday.
According to the report, indebted Australian conglomerate UGL may abandon the planned AUD 1.2 bn (€819 mln) divestment of its property division as the demerger and sale plan had failed to ignite much interest.
An anonymous source told Reuters that US private equity group TPG Capital Management was the only one of four potential private equity bidders to table a binding offer for DTZ by the 16 May deadline.