Scangroup targets Sh5bn subsidiaries’ sale by March

Scangroup CEO Bharat Thakrar. FILE PHOTO | NMG

Marketing services firm Scangroup #ticker:SCAN expects to complete the sale of its stakes in data and research company Kantar in the first quarter of next year in a transaction will earn it a gain of Sh2.6 billion.

Scangroup’s London-based parent company WPP, which initiated the transaction, has already completed the sale of its 60 percent equity in Kantar ahead of schedule.

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