Print Published 21st Nov 2018, 13:05

Porta investor SEC adds French agency to its group

SEC, the Italian public relations group that has a 17% stake in Porta Communications and whose shares are listed on the London stock exchange, has agreed to acquire up to 100% of the French public relations consultancy CLAI.

Under the deal, SEC will initially acquire shares carrying 50.1% of the votes but only 10% of equity participation.  Those shares will be purchased for €490,035 (£436,000) in cash.