WPP moving to take full control of Aus subsidiary

The company can now be de-listed from the Australian Securities Exchange WPP is movi

by Team PITCH
Published - November 30, 2020

1 minute To Read

WPP moving to take full control of Aus subsidiary

The company can now be de-listed from the Australian Securities Exchange

WPP is moving towards taking full control of WPP AUNZ, its subsidiary in Australia, media reports have said. The minority shareholders are being offered $0.55 for every share. The company can be now de-listed from the Australian Securities Exchange (ASX) and will no longer be required to lodge financial reports.

At present, WPP has 61.5% of the ASX-listed WPP AUNZ.