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WPP WPP PLC

51.07
0.55 (1.09%)
04 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
WPP PLC NYSE:WPP NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.55 1.09% 51.07 51.67 50.97 51.37 136,066 01:00:00

WPP Sells Stake in Chime Group Holdings for GBP54.4 Million

01/07/2019 8:41am

Dow Jones News


WPP (NYSE:WPP)
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By Adriano Marchese

 

WPP PLC (WPP.LN) said Monday that it has sold its shares in Chime Group Holdings Ltd. for 54.4 million pounds ($69.0 million).

The British advertising and public relations company said it has sold its minority shareholding to the majority shareholder Providence, and that there is potential to receive more funds based on the future value of Chime.

The company said that the disposal is in line with its new strategy of focusing on the main areas of its business and simplifying its operations by disposing noncore assets.

 

Write to Adriano Marchese at adriano.marchese@dowjones.com

 

(END) Dow Jones Newswires

July 01, 2019 03:26 ET (07:26 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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