Case details

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Merger control
Case reference
CCENT/2007/2 - IFIL / CUSHMAN & WAKEFIELD
Acquired
CWI
Description
an international company that provides property services; it was established under the laws of the State of Delaware in the USA and is a member of the Rockefeller Group Inc., which, in turn, is controlled by the Mitsubishi Estate Company Ltd. CWI exercises its activity in Portugal through its subsidiaries Cushman & Wakefield - Sociedade de Mediação Imobiliária Lda., which provides property services, and the latter´s affiliated company Cushman & Wakefield - Consultora Imobiliária, Unipessoal, Lda, which provides property advisory services, including valuations, project management and asset management.
Acquiring
Ifil
Description
an integrated investment company in the Agnelli group of companies, listed on the Italian stock exchange. IFIL manages a portfolio of assets in a large number of sectors, including those covering automobiles, financial services, paper, and leisure and entertainment;
Sector
  • Liberal Professions
  • Trade and Services
Activity (NACE)
  • L68 - Real estate activities
Applicable legislation
Art. 9(1)(b) (Law 18)
Notification thresholds
Turnover
Type of merger
Conglomerate
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-opposition
Case description
Notified on 9 January 2007, this merger consists of the acquisition by the undertaking IFIL Investments SpA (IFIL) of sole control of the company Cushman & Wakefield, Inc. (CWI).
Timeline
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