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KKR to Acquire FGS Global from WPP for $775 Million, Valuing Firm at $1.6 Billion

Aug 7, 2024, 06:06 AM

KKR is reportedly nearing a deal to acquire a controlling stake in FGS Global, a corporate public relations firm, from WPP for $775 million. The transaction values FGS Global at approximately $1.6 billion. The acquisition will enable FGS Global to operate as a standalone communications and public affairs consultancy. This move is part of KKR's strategy to support the long-term growth of FGS Global. WPP, a British advertising group, agreed to sell its controlling stake to KKR, which is a minority shareholder in FGS Global.