Kenyan marketing company WPP Scangroup said on Friday its board
had approved the sale of some of
its assets in East and West Africa, sending its shares up 23 per cent.
its assets in East and West Africa, sending its shares up 23 per cent.
The company said it
expected a net Ksh5 billion ($50 million) from the sale, with 40 per
cent of that going to shareholders in a special dividend.
The
assets to be sold include its shares in Millward Brown East Africa Ltd,
Millward Brown Nigeria Ltd and Millward Brown West Africa Ltd, the
group said in a public notice.
The transaction needs shareholder and regulatory approvals, it said.
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