Private equity business KKR acquired WPP’s 50% stake in the company in a deal which values FGS at £1.3 billion.
KKR had already acquired a minority interest in the business in July last year, and made an approach to WPP earlier this year to acquire its stake, which was initially rejected. The new deal brings its shareholding in FGS up to 80%, with the remainder owned by partners and senior managers of the firm.
Denne historien er fra August 07, 2024-utgaven av Evening Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra August 07, 2024-utgaven av Evening Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Behind the Legend
Fame, glory, awards-but John Legend has also faced baby loss, his wife being cancelled and the souring of his friendship with Kanye West
The sun has just set on 1,000 years of London history
Smithfield Market will close, but it doesn't have to be like this
Knightsbridge, we have a problem
As the AI Fayed sex abuse stories spiral, can Harrods survive the scandal?
Who's in, who's out and who will Trump go after now?
The president-elect is building up his power base and plotting his revenge on those who have wronged him. Fasten your seatbelts, it’s going to be a wild ride
Vamos Rafa! It's time to go for Spain's brave warrior
'Shy and funny' Nadal bows out as sport's ultimate competitor
Does Angeball have a winning future at Spurs?
Head coach divides supporters with his ultra-attacking tactics
The £5bn-a-year tax timebomb that's set to devastate London hospitality
The capital will bear the brunt of Rachel Reeves’s National Insurance raid
Live like a Queen...
...in the house gifted to Anne of Cleves by Henry VIII in 1540 and now onsale for 3.75 million
At home with...Matthew Williamson
The designer’s Belsize Park flatis a grand canvas for his ever-changing colour palette
Hidden London
The first time I made my way to Maison Assouline was with a broken foot, in a tragic boot and crutches.
