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UGL

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0.00 (0.00%)
Share Name Share Symbol Market Type
ASX:UGL Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

TPG Said to Buy UGL's Property Services Unit

02/06/2014 7:50am

Dow Jones News


United Group Ltd (ASX:UGL)
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TPG Capital is in final negotiations with UGL Ltd. (UGL.AU) to buy its DTZ property management arm for 1.2 billion Australian dollars (US$1.1 billion), the Australian Financial Review newspaper reported Monday.

Citing sources it didn't name, the newspaper said on its website that a deal will be announced as early as Tuesday.

UGL noted the report in a market filing, but would only confirm previous statements that discussions with interested parties are ongoing.

TPG was the sole bidder for the business after a deadline for final offers passed, a person familiar with the matter said last month.

Newspaper website: http://www.afr.com

Write to djnews.sydney@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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