Realogy selling controlling interest in its title underwriter

Realogy selling controlling interest in its title underwriter
Realogy Holdings Corp. formed a strategic agreement to create a title insurance underwriter joint venture with an investment from funds affiliated with Centerbridge Partners, L.P. Under the agreement, Centerbridge will purchase controlling interest of Realogy’s title insurance underwriter for $210 million, and Realogy will maintain its ownership of Realogy Title Group. Read on for more about the agreement.
Source: thetitlereport.com