Dentsu's Aegis takeover to go through by Thursday
The £3.2bn takeover of Carat and Isobar-owner Aegis by Dentsu is expected to go through by Thursday 28 March, after Chinese regulatory authorities confirmed it had passed the deal.
In a statement published today, the Japanese holding company Dentsu and Aegis said clearance from the Ministry of Commerce of the People’s Republic of China had now been received and the relevant conditions have been satisfied.
Last week, Aegis said that subject to court approval at a second court hearing in London today, and the timing of the delivery of the court orders to Companies House, the deal would go through on or before 28 March.
It had been expected that the deal would go through before Christmas 2012, but the Chinese regulatory process has taken longer than was originally envisaged.Follow @MaisieMcCabe
This article was first published on campaignlive.co.uk
- Campaign Marketing Manager EMAP Competitive + Bonus, London (Greater) / London (East), London (Greater)
- Exhibition Designers WRG Live Competitive salary and benefits package dependant upon experience, Manchester, Greater Manchester
- Producer WRG Live Competitve salary and benefits package dependent upon experience, London (Central), London (Greater) / Manchester, Greater Manchester
- Content Manager WRG Live Competitive salary and benefits package, Manchester, Greater Manchester
- Account Manager Dynamic New Alliances £18000.00 - £27000.00 per annum, City of London
- Macmillan defends hijacking ice bucket challenge
- The role of private equity in adland
- Comparethemarket.com first UK brand to run Facebook Premium Video ads
- Game Of Thrones actress stars in online Karen Millen campaign
- Aga targets city homes with cooker campaign
- Omnicom dispute to drive down Channel 5 prices in H2