Bloomberg News

DTZ’s Biggest Shareholder Ends Talks About Possible Offer

October 17, 2011

(Adds deadline in last paragraph.)

Oct. 17 (Bloomberg) -- DTZ Holdings Plc’s largest shareholder ended talks about a possible offer for the portion of the U.K. real estate broker it doesn’t already own.

France’s Mathy family-owned Saint George Participations SAS won’t proceed with a bid for the remaining shares, according to a statement today. SGP is backed by the property brokerage arm of Paris-based bank BNP Paribas SA.

DTZ set an Oct. 17 deadline for a formal offer last month. Link to Statement:NSN LT74OM3HHEDC <GO>

--Editor: Ross Larsen

To contact the reporter on this story: Andrew Blackman in Berlin at ablackman@bloomberg.net

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net


Later, Baby
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