DTZ this morning formally put itself up for sale.
The hoisting of an official for sale sign above the agent comes just days after its largest shareholder SGP said that it would not be making a bid for the company.
DTZ said that it had received “preliminary indications of interest from a number of parties potentially interested in acquiring DTZ” and that to “evaluate this option in the most effective manner it will implement a formal sale process”.
The agent said it was also looking at other strategic options for the company “aimed at ensuring the long term growth of the business, addressing the capital structure and providing funds for future investment”.
Oriel Securities has been appointed to handle the sale of the business.
