End of an era: WPP AUNZ to exit ASX at end of business today

May 19, 2021 10:37

In May 2016 STW Group and WPP received the final tick of approval from shareholders to merge, thus eliminating the STW name from the Australian media and advertising landscape.

At the time, the $512 million takeover by WPP was being billed as a “merger of the two businesses”. Almost 432 million shares in STW were assumed by WPP, creating a new business to be known as WPP AUNZ.

Today, the legacy of STW and WPP AUNZ ends, with WPP AUNZ to be delisted from Australian Securities Exchange (ASX) “from the close of trading on Wednesday, 19 May 2021”. STW was first floated as John Singleton Advertising in 1993. It later became Singleton Tate WPP (STW) Group after the initial buy in by WPP.

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Olivia Kruimel

Olivia Kruimel was the managing editor at Mumbrella. She has more than 15 years of experience in journalism, communications and marketing. Her journalism career began at Fairfax Media (now part of Nine) and includes various B2B publications such as B&T, Travel Today and ALB. As a marketer Olivia has worked for Standard Chartered and various global law firms.