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
- Deputy Creative Director - Integrated/shopper agency The Industry Club London Ltd £75,000, London (Greater)
- Project Manager Emma & Rachael & You £40,000, London (Central), London (Greater)
- Senior Press Officer Ball & Hoolahan £32,000 per annum, London (Greater) / London (Central), London (Greater)
- Head Of Strategy & Consumer Insight Ball & Hoolahan £75,000 + Car/Car Allowance, South West England
- Category Manager Ball & Hoolahan £50,000 + Car/Car Allowance, South East England / London (Greater) / London (Central), London (Greater)
- Want a tactical ad? Should have gone to Specsavers
- Maxus confirmed as world's fastest growing media agency
- Greenpeace dresses up cats to help save tigers from extinction
- Why 2014 won't be the year of mobile advertising
- ITV's Adam Crozier: 'Work to be done' after losing out to C4 during World Cup
- Palestinian and Israeli bereaved families unite for 'anti-conflict' film