Dentsu Announces Income from Sale of Publicis Groupe
OREANDA-NEWS. Dentsu Inc. announced that it has sold to Publicis Groupe S.A. 3,875,139 Publicis shares (approximately 1.85% of the number of shares issued) held by Dentsu.
In February 2012 Dentsu announced the termination of its strategic alliance with Publicis and at that time sold to Publicis the majority of its stake in Publicis. This was followed by the sale in March of all the obligations remboursables en actions (ORA; obligations redeemable in stock) held by Dentsu. Transaction marks the sale of all the remaining shares of Publicis held by Dentsu.
Dentsu and Publicis will continue to proactively consider all opportunities for future collaboration on their individual merits. Moreover, there will be no changes to the management structure or the management policies of the two companies established jointly by Dentsu and Publicis: Beacon Communications and Dentsu Razorfish.
The forecast of consolidated financial results and forecast of non-consolidated financial results for the fiscal year ending March 31, 2013 that were announced on November 8, 2012 have been adjusted as shown below to reflect the posting of approximately 13 billion yen as extraordinary income from the above transaction on both the consolidated and non-consolidated basis.
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