REVIEW: Cordiant Communications negotiates sale of Australian operation

Cordiant Communications, the parent of Bates UK, appeared to be preparing for its break-up on Monday when it negotiated the sale of its Australian operation. This includes Australia's biggest agency, George Patterson Bates, The Campaign Palace and Zenith Media. It is believed that the negotiations are with Pacific Equity Partners, a private equity company with links to David Hearn, Cordiant's chief executive. - Financial Times.