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NEW YORK Cordiant Communications Group is said to be looking to sell another asset, its 77-percent stake in German-based Scholz & Friends.
The British holding company, parent to Bates and 141 Worldwide, has been considering divesting itself of certain assets to pay down debt, sources said. Earlier this week, CCG confirmed that it has entered preliminary discussions regarding the possible sale of a stake in certain Australian assets, including George Patterson Bates [Adweek Online, Feb. 4].
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