Tuesday, 2 July 2019, 8:33 am Press Release: WPP AUNZ
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 £54.4m and potential additional
amounts based on the future value of Chime.
The
disposal 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.
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