Industry Updates

WPP announced the sale of Chime Group Holdings Limited

Social Samosa

01 Jul 2019 07:26 IST

New Update

WPP today announces the sale of its minority shareholding in Chime Group Holdings Limited.

The sports, entertainment and communications group, to the majority shareholder Providence for £54.4m and potential additional amounts based on the future value of Chime.

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The disposal is in line with WPP’s new strategy as set out in December 2018, a key element of which is to focus on its main areas of business and simplify its operations through the disposal of non-core assets.

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