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WPP PLC to Discuss Sale of 60 Percent of Kantar to Bain Capital Conference Call Transcript
Good morning, ladies and gentlemen, and thank you for standing by. Welcome to today's WPP Conference Call. (Operator Instructions) I must advise you that this conference is being recorded today, Friday, the 12th of July, 2019.
I would now like to hand the conference over to your speaker today, WPP CEO, Mark Read. Please go ahead, sir.
Thanks very much, and good morning, everybody. I'm here in Sea Containers House with Andrew Scott, our COO; and with Eric Salama, the Chief Executive of Kantar; and with Luca Bassi, Managing Director of Bain Capital, our new partner with Kantar.
In December -- on December 11 last year, we laid out our strategy -- our new strategy for WPP, really, a 3-year plan to return the business to growth, to simplify the company and to reduce our leverage and today is another important step on that journey.
It's been a very competitive process, and we've had significant interest in the company. I think we view this as a good deal for WPP and a good deal for Kantar
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