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Evening Standard
Evening Standard
Business
Michael Hunter

Ascential shares roar ahead as Cannes Lions organiser sells off businesses for £1.4 billion

United States Omnicom

Ascential, the FTSE 250 events, digital analytics and branding group, announced a brace of major deals today, as its plans to streamline its business impressed the City.

The company announced the £1.4 billion sale of two of its three businesses, after which it will focus on organising set-piece gatherings like the Cannes Lions festival and Money 2020. 

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