M+C Saatchi faces renewed structural uncertainty as activist investor builds stake

M+C Saatchi is facing renewed speculation over its future structure after high-profile activist investor Harwood Capital lifted its stake in the network, fuelling talk of a potential sell-off or break-up.

The fund manager increased its holding in M+C Saatchi from 3.6% to 4% on 22 October, making it the seventh-largest shareholder in the advertising group.

As reported by UK publication The Telegraph, the move comes as Harwood pushes for change at M+C Saatchi, with options reportedly including a break-up or sale of the entire company.