Pursuits
Brokerage Colliers Splitting From Parent in Bid to Expand
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Colliers International plans to split from parent FirstService Corp., Canada’s largest real estate services provider, to focus on acquisitions and expanding in the commercial-property market.
The current publicly traded company will change its name to Colliers International Group Inc., and FirstService will become a new public company, according to a statement Tuesday. Financial details of the transaction, which is being structured as a tax-free spinoff to shareholders, weren’t disclosed.