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  5. Response to Press Speculation: Kantar

Pin to quick picksWPP Regulatory News (WPP)

WPP Information

Share Price Information for WPP (WPP)

London Stock Exchange
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Share Price: 833.20
Bid: 833.20
Ask: 833.80
Change: -14.20 (-1.68%)
Spread: 0.60 (0.072%)
Open: 843.00
High: 844.80
Low: 833.20
Prev. Close: 847.40
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Response to Press Speculation: Kantar

1 Jul 2019 18:18

RNS Number : 1134E
WPP PLC
01 July 2019
 

 

For Immediate Release

1 July 2019

 

 

 

WPP PLC ("WPP") 

 

Response to Press Speculation: Kantar

 

WPP notes the recent press speculation and confirms that, as part of the previously announced process for the sale of a majority of Kantar, WPP has entered into exclusive discussions with Bain Capital for the sale of a majority shareholding in Kantar, with a headline enterprise value (for 100%) of c.$4bn.

Bain Capital's proposal is subject to negotiation. There is no certainty that these discussions will result in a transaction involving Kantar.

Any further announcement will be made as appropriate.

Ends

This announcement contains inside information.

The person responsible for arranging the release of this announcement on behalf of WPP is Marie Capes, Company Secretary.

 

 

Contact:

 

Chris Wade, WPP

 

+44(0) 20 7282 4600

 

 

 Richard Oldworth, Buchanan Communications

+44 (0)7710 130634

 

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. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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