WPP (WPP) has agreed the sale of 60 per cent of Kantar with private equity group Bain Capital, valuing the stake at around $4bn (£3.2bn). The proceeds to WPP on completion after tax and continuing investment in Kantar are expected to be $3.1bn, which will partly be used to reduce debt to the low end of the target range of 1.5 - 1.75 adjusted cash profits for 2020. Around $1.2bn will be returned to shareholders. Buy.
$4.0 bn; WPP leverage target to be met a year ahead of plan; c. £1.0 bn shareholder return planned. NEW YORK& LONDON---- WPP is today announcing that it has entered into an agreement to sell 60% of Kantar, its global data, research, consulting and analytics business, to Bain Capital. $4.0 bn in the proposed transaction, equivalent to a multiple of 8.2 x 2018 Kantar headline...
$4.0 bn; WPP leverage target to be met a year ahead of plan; c. £1.0 bn shareholder return planned. NEW YORK& LONDON---- WPP is today announcing that it has entered into an agreement to sell 60% of Kantar, its global data, research, consulting and analytics business, to Bain Capital. $4.0 bn in the proposed transaction, equivalent to a multiple of 8.2 x 2018 Kantar headline...
$4.0 bn; WPP leverage target to be met a year ahead of plan; c. £1.0 bn shareholder return planned. $4.0 bn in the proposed transaction, equivalent to a multiple of 8.2 x 2018 Kantar headline EBITDA 2.
BCW, a leading global communications agency, announced today that Ben Boyd will join the agency as Global Chief Strategy and Operations Officer, effective September 3, 2019. Boyd will partner with BCW’ s Global CEO Donna Imperato across all five of the agency’ s global regions on strategy, operations and client development. Boyd will become a member of BCW’ s board...
RNS Number: 1207 F WPP PLC 10 July 2019. WPP will announce its Interim Statement for the six months ended 30 June 2019 on Friday, 9 August 2019.. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 5497 E WPP PLC 04 July 2019. WPP today announces the acquisition of a majority stake in Italian technology-driven creative agency, AQuest.. Based in Milan and Verona, it employs more than 70 people..
Last night, in response to press speculation, WPP (WPP) confirmed that – as part of its previously announced process for the sale of a majority stake in Kantar – it has entered into exclusive discussions with Bain Capital. This is for the sale of a majority shareholding in Kantar with a headline enterprise value (for 100 per cent) of around $4bn. Bain Capital’s proposal is subject to negotiation, and WPP notes that there isn’t any certainty that the discussions will lead to a transaction. Buy.
RNS Number: 1134 E WPP PLC 01 July 2019. Response to Press Speculation: Kantar. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 0954 E WPP PLC 01 July 2019. Voting rights and Capital 30 June 2019. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
WPP (WPP) has announced the sale of its minority shareholding in Chime Group Holdings Limited – the sports, entertainment and communications group – to the majority shareholder Providence for £54.4m and potential additional amounts based on the future value of Chime. WPP says this transaction is in line with its new strategy outlined last December, to focus on its main areas of business and simplify its operations through non-core disposals. Buy.
Advertising group WPP has announced the sale of its minority shareholding in sports, entertainment and communications group Chime Group Holdings to private equity firm Providence Equity Partners, Chime’s majority shareholder. WPP says the disposal, which will bring in £54.4m and potential additional amounts based on Chime’s future value, is in line with Its new strategy of focusing on its main areas of business and simplifying its operations.
RNS Number: 9303 D WPP PLC 01 July 2019. WPP today announces the sale of its minority shareholding in Chime Group Holdings Limited, the sports, entertainment and communications group, to the majority shareholder Providence for £54.4 m and potential additional amounts based on the future value of Chime.. RNS is approved by the Financial Conduct Authority to act...
WPP today announces the sale of The Farm Group, a leading provider of post-production services, to Los Angeles- based Picture Shop. The sale is in line with WPP’ s new strategy as set out in December 2018, a key element of which is to focus on its main areas of business and simplify its operations through the disposal of non-core assets. WPP would like to thank all those...
iHeartMedia, America’ s leading audio company, and WPP, the creative transformation company, today announced the launch of Project Listen to develop next-generation insights, planning and creative capabilities in audio. Creative Audio Studio– Audio will be pushed higher on the agendas of creatives and media strategists with the launch of a new studio at...
WPP today announced a series of initiatives designed to ensure it is playing its part in tackling pollution from single-use plastics. The company will phase out single-use plastics in its premises by the end of the year. It will no longer buy or provide single-use plastics such as bottles, straws, cutlery and cups in any of its 3,000- plus agency offices and...
RNS Number: 0971 C WPP PLC 13 June 2019. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 0131 C WPP PLC 12 June 2019. ANNUAL GENERAL MEETING HELD AT THE SOUTHBANK CENTRE, BELVEDERE ROAD, LONDON SE1 8 XX. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Continued progress on strategy; full-year guidance unchanged. NEW YORK& LONDON---- WPP held its Annual General Meeting at noon on 12 June 2019 at the Purcell Room in London’ s Southbank Centre. The company has established its first employee forum in the UK, and similar forums will be established in other markets.
Continued progress on strategy; full-year guidance unchanged. NEW YORK& LONDON---- WPP held its Annual General Meeting at noon on 12 June 2019 at the Purcell Room in London’ s Southbank Centre. The company has established its first employee forum in the UK, and similar forums will be established in other markets.
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Company Profile

WPP is one of the world's largest communications services groups, specialising in advertising, and public relations. The group has 62,000 people working in 1,400 offices in 103 countries. Major clients include American Express, AT&T, Colgate-Palmolive, GlaxoSmithKline and Nestlé.

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HQ
27 Farm Street
London
W1J 5RJ
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