Dentsu Reaps Windfall On Stock Sale

Dentsu said today it was selling a portion of its investment in Asia Pacific recruiting and tech giant Recruit Holdings Co. and will record a gain on the sale of about ¥28 billion or roughly $265 million. 

The sale is related to a secondary offering of shares being made by Recruit. 

After the sale, Dentsu will still own more than 50 million shares in the recruitment firm. 

Dentsu said the windfall will be treated as an extraordinary gain for accounting purposes and thus, have no impact on its consolidated earnings forecast for 2019.




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