Privacy Policy

We have updated our Privacy Notice for this website. Please click here to review.

Cordiant equity stake in ZenithOptimedia

20 August, 2003

WPP Group plc ("WPP") confirms that it has sold its 25% shareholding in ZenithOptimedia, acquired as part of the Cordiant Communications Group plc transaction. The equity interest has been sold to Publicis Groupe SA at a price of £75 million in accordance with Publicis Groupe SA's contractual obligation. WPP, through Cordiant, currently retains equity interests in

Zenith franchises in nine countries, covering Hong Kong, Malaysia, Indo-China, Argentina, Greece, Norway, India, Australia and Lebanon, and has trading relationships in another fourteen markets where Zenith has franchises.

ZenithOptimedia's audited revenues and post-tax profits for 2002 were £148m and £13m respectively.

Recent disposals by Cordiant in the last two months now total £160m.

This compares with a pre-disposal net debt level of £235m.

Acrobat Document WPP_PressRelease_CordiantequitystakeinZenithOptime.pdf

Tools Print page E-mail page Press Releases Reading Room Get Acrobat Reader

WPP Annual Report & Accounts 2017

WPP Annual Report & Accounts 2017
WPP Sustainability Report 2016/2017

WPP Sustainability Report 2017-2018
WPP Pro Bono Work 2017

Pro Bono 2017