US giant homes in on Savills as target

US real estate services giant JLL talking up its deal making ambitions spurred City chatter that UK competitor Savills could be in its crosshairs.

Rumours were stoked by JLL boss Christian Ulbrich telling analysts in an earnings call that he has “never seen a market which has so many availabilities with regards to M&A”. He warned that JLL was “analysing the different opportunities”, claiming that there were many companies “currently interested in finding a new home”.

Traders speculated that Savills, which has stepped up its international expansion in recent years, could be its target following an 18% share price slide since hitting a record high last year.

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