14th Jan 2016 09:46
LONDON (Alliance News) - Marketing services company M&C Saatchi PLC on Thursday said it has entered into talks to sell a 30% equity stake in its UK advertising agency to its management team.
The company said the talks with the UK managers include UK Chairman Tim Duffy, Chief Executive Tom Bazeley, Chief Creative Officer Justin Tindall, Chief Strategy Officer Gaby Bell and Managing Director Tom Firth.
M&C Saatchi said there is no guarantee the deal will go through and the transaction will be subject to certain, non-specific conditions.
M&C Saatchi shares were down 1.5% to 304.95 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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