Cordiant Acknowledges Asset Sales, Looks to Focus on Bates

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NEW YORK Cordiant Communications Group confirmed Thursday that it is looking to offload non-core assets, including Financial Dynamics International and its 77-percent stake in Scholz & Friends, in order to focus on the Bates Group.

The announcement comes two weeks after the British holding company said it was exploring a sale of majority stake in its Australian operations, including George Patterson Bates. CCG also said that will consider exercising its option to sell its 25-percent stake in the Zenith Optimedia Group in January 2004.

CCG



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