News

WPP AUNZ set to pocket $150 million from Kantar sale

Hannah Blackiston

August 19, 2019 10:34

WPP AUNZ has decided to sell 100% of its interests in the data, insights and consulting company Kantar, in a bid to “further simplify and reposition the business for growth”. The sale will see WPP AUNZ pocket approximately $150m in cash, after transaction costs and provision for restructure liabilities to the value of $8.4m.

The decision forms part of the announcement last month that WPP would sell a 60% controlling share of its stake in Kantar to Bain Capital.

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Hannah Blackiston

Hannah Blackiston was the deputy editor of Mumbrella. She worked with the company from March 2019 to November 2020.

Topics

John Steedman Kantar Robert Mactier WPP WPP AUNZ

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