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Europe Daily Bulletin No. 7756

12 July 2000
Contents Publication in full By article 50 / 59
ECONOMIC INTERPENETRATION / (eu) real estate

The British real estate agents FDP SAVILLS sealed an alliance with its American counterpart TRAMMEL CROW. According to the terms of the agreement, the two partners will create a European company named TRAMMEL CROW SAVILLS that will be 51% held by the American company and 49% by SAVILLS. It will employ 18,000 people and be present in 21 countries. Furthermore, TRAMMEL CROW is taking a 10% stake in the British company with the possibility of increasing it to 20%.

Contents

THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION