Savills PLC
21 December 2006
Savills / Trammell Crow Strategic Alliance Agreement Termination
Following the announcement yesterday that CBRE has completed the acquisition of
Trammell Crow Company (TCC), the Strategic Alliance Agreement between TCC and
Savills has been terminated. CBRE have stated an intention to sell the TCC 19.2%
shareholding in Savills.
The two TCC nominated Directors on the Savills Board, William Concannon and
Derek McClain, have resigned with immediate effect. TCC retain a right to
nominate one Non-Executive Director whilst they hold over 7.5% of the issued
share capital of Savills.
Enquiries
Citigate Dewe Rogerson (020 7638 9571)
Sarah Gestetner
George Cazenove
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