Connect with us

Hi, what are you looking for?

Capital Business
Capital Business

Kenya

Scangroup completes majority acquisition of Kantar TNS

 

NAIROBI, Kenya, Aug 1 – WPP Scangroup Limited has completed the acquisition of a majority stake in leading market research agency Research and Marketing Group Investment Limited that operates Kantar TNS in several African countries.

The firm says regulatory approvals have been fulfilled and the transactions completed on July 31, 2018.

WPP Scangroup acquired the 70 per cent shareholding in Research and Marketing Group Investment Limited, held by Russell Square Holdings BV, a subsidiary of WPP and 10 per cent of the 30 per cent shareholding held by International Research and Marketing Group Holdings.

The move now makes Kantar TNS a subsidiary of WPP Scangroup having 80 percent shareholding.

“We take this opportunity to welcome Russell BV as a shareholder and Kantar TNS and their employees into the WPP Scangroup network and look forward to work together closely to enhance shareholders’ value,” the firm said in a statement.

WPP Scangroup currently provides market research services through Kantar Millward Brown.

The acquisition of Kantar TNS will enable WPP Scangroup align the two market research businesses, for enhanced service for clients and increased operational efficiency.

Kantar TNS and Kantar Millward Brown are each part of Kantar Group, WPP Plc’s data management division and one of the world’s largest insight, information and consultancy groups.

Advertisement. Scroll to continue reading.

Kantar TNS operates in Nigeria and Kenya, which are primary markets for WPP Scangroup, and other countries including Senegal, Cameroun, Cote d’Ivoire and Ghana.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...