Savills slumps as CBRE sells 19% stake

By A staff reporter 2007-01-11T00:00:00

Property advisor Savills suffered a drop on the London Stock exchange on Thursday when it emerged rival CB Richard Ellis had sold the 19% stake in Savills at 623 pence per share. CBRE obtained the stake, owned by Trammel Crow Company, when it bought Trammel last year for $2.2 bn.

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