£3.2bn Aegis-Dentsu deal cleared by UK regulator

The Office of Fair Trading has cleared the £3.2bn acquisition of Aegis by Japanese advertising group Dentsu.

Dentsu president and CEO Tadashi Ishii and Aegis chief executive Jerry Buhlmann
Dentsu president and CEO Tadashi Ishii and Aegis chief executive Jerry Buhlmann

The £3.2bn combination was not generally expected to raise any significant concerns in the UK, where the Japanese company's limited presence in advertising, digital creative and digital media is not perceived as overlapping with Aegis’ focus on media planning and buying.

Canada has also cleared the combination though Chinese regulators are still examining it.

Aegis and Dentsu are aiming to complete the deal in the fourth quarter of this year.

They have already received unconditional clearance in the US, Australia, South Africa, Russia and Germany.

The Aegis board accepted Dentsu's offer in July and its shareholders approved the deal in August.

Subscribe to Campaign from just £57 per quarter

Includes weekly and quarterly print issues, plus unrestricted online access.

SUBSCRIBE

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an Alert Now
Look out for the invisibles and introverts in your agency
Share

1 Look out for the invisibles and introverts in your agency

By cultivating a clubbable culture, agencies are ostracising talented introverts, writes Andy Jex, the executive creative director at Saatchi & Saatchi London.

Agencies' anger at failure of Stronger In campaign
Shares0
Share

1 Agencies' anger at failure of Stronger In campaign

"We failed the country, we could and should have done better." So says one senior advertising executive involved in the Britain Stronger In Europe campaign.

Just published