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New York

IFIL buys Cushman & Wakefield stake

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Italian holding company IFIL has purchased a 67.5 percent interest in real estate services company Cushman & Wakefield. IFIL, run by the Agnelli family, will pay $563 million for their share in C & W, effectively replacing longtime owner Rockefeller Group International. Bruce Mosler will remain as president and CEO of C & W, but the board will be reshaped to include representatives from the new majority owner. more [GlobeSt]