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Evening Standard

Business

Simon Hunt

WPP offloads stake in FGS Global for £611 million

WPP FGS FGS Global KKR

Marketing giant WPP has sold its stake in public relations firm FGS Global for £611 million.

Private equity business KKR has acquired WPP’s 50% stake in the company in a deal which values FGS at £1.3 billion.

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