UGL finalises DTZ sale

Contractor expects net proceeds of between $1bn and $1.05bn from the deal, announces CEO succession.

UGL (UGL) has confirmed the long-gestating sale of its property arm, DTZ, to a private equity consortium including TPG Capital (TPG) for $1.215 billion, but surprised investors with the announcement of a CEO succession plan to be effected by the end of 2014. 

The group said it expects net proceeds of between $1bn and $1.05bn from the sale to TPG, PAG Asia Capital (PAG) and Ontario Teachers’ Pension Plan (OTPP).


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles