REG - WPP PLC - Response to Press Speculation: Kantar

WPPAnnouncement

01/07/2019 18:20

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
 




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