Business
Agreement Termination
Agreement Termination.
About this update from Savills Plc
[{"type":"text","content":"\n Savills PLC\n21 December 2006\n\n Savills / Trammell Crow Strategic Alliance Agreement Termination\n\nFollowing the announcement yesterday that CBRE has completed the acquisition of\nTrammell Crow Company (TCC), the Strategic Alliance Agreement between TCC and\nSavills has been terminated. CBRE have stated an intention to sell the TCC 19.2%\nshareholding in Savills.\n\nThe two TCC nominated Directors on the Savills Board, William Concannon and\nDerek McClain, have resigned with immediate effect. TCC retain a right to\nnominate one Non-Executive Director whilst they hold over 7.5% of the issued\nshare capital of Savills.\n\nEnquiries\nCitigate Dewe Rogerson (020 7638 9571)\nSarah Gestetner\nGeorge Cazenove\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":1038,"tagName":"div"}]