May 14, 2018 / 11:20 AM / 2 months ago

BRIEF-Colliers International Will Acquire 75 Pct Of Harrison Street For $450 Mln

May 14 (Reuters) - Colliers International Group Inc :

* COLLIERS INTERNATIONAL TO MAKE TRANSFORMATIONAL STRATEGIC INVESTMENT IN HARRISON STREET REAL ESTATE

* COLLIERS INTERNATIONAL GROUP INC - COLLIERS WILL ACQUIRE 75% OF HARRISON STREET FROM ITS FOUNDERS FOR $450 MILLION

* COLLIERS INTERNATIONAL GROUP INC - TRANSACTION IS FULLY FINANCED

* COLLIERS - UNDER TERMS, ADDITIONAL $100 MILLION PAYABLE TO HARRISON STREET FOUNDERS IN 2022, BASED ON ACHIEVING PERFORMANCE TARGETS

* COLLIERS INTERNATIONAL GROUP - HARRISON STREET’S SENIOR MANAGEMENT TEAM WILL CONTINUE TO OPERATE FIRM’S BUSINESS Source text for Eikon: Further company coverage:

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