Publicis-Omnicom Merger Clears European Commission Hurdle

Still subject to additional scrutiny

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The European Commission signed off on the pending merger between Publicis Groupe and Omnicom, further clearing the way for the creation of the industry’s largest holding company.

In late November, the two companies said completion of the merger could be pushed back to the second quarter of this year, from the first-quarter close originally planned when the transaction was announced last July. Investors were informed of the delay at a Morgan Stanley technology, media and telecom conference in Barcelona, and according to news reports, Publicis Groupe chief Maurice Lévy and Omnicom CEO John Wren blamed it on some pending regulatory approvals including those in the European Union and Russia.

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