WPP AUNZ set to pocket $150 million from Kantar sale

WPP AUNZ has decided to sell 100% of its interests in the data, insights and consulting company Kantar, in a bid to “further simplify and reposition the business for growth”. The sale will see WPP AUNZ pocket approximately $150m in cash, after transaction costs and provision for restructure liabilities to the value of $8.4m.

The decision forms part of the announcement last month that WPP would sell a 60% controlling share of its stake in Kantar to Bain Capital.