Publicis Groupe sells Freud Communications shares
Publicis Groupe has announced that it is to sell its shares in Freud Communications to the agency's founder and chairman Matthew Freud.
Publicis Groupe, the world's third largest communications group, has owned a majority stake in the firm since 2005.
The group will continue to service clients in the UK and globally agencies within its global PR network MSLGROUP, with MSLGROUP CEO Olivier Fleurot: "I enjoyed working with Matthew and I have a lot of respect for his skills. We wish him success in his future endeavors."
Nicola Howson, CEO of Freud Communications, added: "We are grateful for the support of Publicis Groupe as a shareholder since 2005 and look forward to our future as an independently owned company."