WPP will sell 60% of Kantar’s shares to Bain Capital and will receive £2.5bn in cash, o/w £1.0bn should be returned to WPP’s shareholders. This operation should be dilutive (mid single-digit percentage) on 2020E ‘headline’ EPS and does not change the group’s dividend policy. Under the new shareholding, Kantar should benefit from the Bain Capital’s expertise in M&A and WPP’s investment of $400m in the technology to the benefit of WPP, w
12 Jul 2019
40% of Kantar shares retained finally
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40% of Kantar shares retained finally
WPP Plc (WPP:LON) | 757 0 0.0% | Mkt Cap: 8,135m
- Published:
12 Jul 2019 -
Author:
Hélène Coumes -
Pages:
3
WPP will sell 60% of Kantar’s shares to Bain Capital and will receive £2.5bn in cash, o/w £1.0bn should be returned to WPP’s shareholders. This operation should be dilutive (mid single-digit percentage) on 2020E ‘headline’ EPS and does not change the group’s dividend policy. Under the new shareholding, Kantar should benefit from the Bain Capital’s expertise in M&A and WPP’s investment of $400m in the technology to the benefit of WPP, w