WPP offloads stake in strategic consultancy Richard Attias & Associates

WPP has announced its sale of a minority stake in global strategic consultants Richard Attias & Associates back to existing shareholders for an undisclosed sum.

In 2013 WPP acquired 30% of the business, with the strategic consultants going on to aid the group’s expansion in Africa as well as assisting on public policy issues, events and conferences.

The deal tallies with the public relations firm’s goal of simplifying its business by renewing its focus on its core offering.

The disposal follows a period of continued consolidation for the holding group, most recently with the formation of Wunderman Thompson.