The title is still bucking the trend Exor on the Stock Exchange: the Agnelli finance company gains half a percentage point today a 39,70 euros, on a negative day for the Ftse Mib index. Behind this market confidence there is the news according to which Exor would have decided to sell the stake held in the capital of Cushman & Wakefield, one of the largest real estate services companies in the world, taking advantage of the positive momentum in the sector.
According to analysts Cushman & Wakefield could be worth up to $2 billion and the Agnelli family company now owns 81%, after having bought 67,5% eight years ago for 565,4 million dollars. The operation was reported by sources informed of the facts at Dow Jones Newswires, underlining that the Italian holding would have entrusted Goldman Sachs and Morgan Stanley with the task of looking for a buyer for Cushman & Wakefield. Exor would prefer to cede control of the real estate company not to a direct competitor, the sources added.
