NEWS25 October 2019
UK – WPP shareholders have voted to approve the proposed sale of 60% of Kantar to private equity firm Bain Capital.
The sale, announced in July after a months-long process, is expected to result in proceeds of around $3.1bn (£2.5bn) for WPP after tax and transaction costs.
The first part of the sale – relating to 86% of Kantar – is expected to take place in early 2020.
As part of the vote at a general meeting held yesterday, shareholders also approved the establishment of a joint venture with Bain in respect of the Kantar business.
The completion of the transaction is subject to an outstanding antitrust approval and the reorganisation of the Kantar business.
Earlier in the year, Kantar chief executive Eric Salama (pictured) discussed the impact of the deal and the company’s plans to ramp up acquisitions.
The world's leading job site for research and insight
Hasson Associates
Research Consultant – B2B
£35000–40000
Hasson Associates
Qualitative PM – AD/RD
£350–400 per day
Resources Group
Data Analyst – Specialist Market Research Group
To £30,000
Featured company
-
Town/Country: London
Tel: +44 (0)20 7490 7888
Kudos Research are leading providers of premium quality UK and International Telephone Data-Collection. Specialising in hard to reach B2B and Consumer audiences, we achieve excellent response rates and provide robust, actionable, verbatim-rich data. Methodologies include CATI, . . .
Related Articles
© Copyright 2022 Research Live
0 Comments