This archive report was first published on 1 November 2019.
Shares in Kenyan marketing company WPP Scangroup surged 23% on Friday after the company announced plans to sell some of its assets in East and West Africa.
According to a public notice, the assets to be sold include shares in Millward Brown East Africa Ltd, Millward Brown Nigeria Ltd, and Millward Brown West Africa Ltd.
The company expects to receive a net Ksh5 billion ($50 million) from the sale, with 40% of that amount going to shareholders in a special dividend.
The transaction is subject to shareholder and regulatory approvals.
Published on November 1, 2019, by REUTERS.
