As it looks to pay down debt, Realogy — the country’s largest brokerage conglomerate — is selling its relocation business in a deal valued at $400 million. Saddled with $3.5 billion in total debt, Realogy said Thursday that it will sell Cartus’ relocation business to SIRVA, a relocation company that owns Allied Van Lines. The deal does not include recent affiliations meant to drive business, such as partnerships with Amazon and AARP. “This transaction is
source https://therealdeal.com/2019/11/07/to-pay-off-debt-realogy-to-sell-relocation-biz-for-400m/
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