11 Oct 2018 07:10
Ebiquity plc
Statement re Competition and Markets Authority ("CMA") Provisional Findings
Transaction Provisionally Approved
Ebiquity plc ("Ebiquity"), a leading independent media and marketing consultancy, welcomes the publication of the CMA's Provisional Findings regarding its inquiry into the proposed disposal of Ebiquity's Advertising Intelligence business to Nielsen Media Research Limited ("Nielsen"), which has provisionally approved the transaction on an unconditional basis. Together with Nielsen, Ebiquity looks forward to continuing to engage with the CMA as it works towards its Final Report ahead of the 9 December statutory deadline.
Commenting on the publication, Michael Karg, CEO of Ebiquity said:
"We are encouraged by the CMA's Provisional Findings report following its in-depth investigation. The planned disposal of Advertising Intelligence to Nielsen will allow Ebiquity to continue investment in its core consultancy practices, better align the business to the significant market growth opportunities and materially reduce net debt."
The full report will be made available on the CMA's case page for this investigation at the following web address: https://www.gov.uk/cma-cases/nielsen-ebiquity-merger-inquiry
11 October 2018
Enquiries:
Ebiquity plc Michael Karg (CEO) Mark Sanford (General Counsel and Company Secretary)
| Via Instinctif Partners
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Instinctif Partners Matthew Smallwood Guy Scarborough
| 020 7457 2020 |
Numis Securities Limited Nick Westlake (NOMAD) Toby Adcock (Corporate Broker) | 020 7260 1000 |
Ebiquity (EBQ)