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Head of Publicis stays tight-lipped over peer WPP

Reuters - UK Focus

PARIS, April 19 (Reuters) - The head of French advertising group Publicis (Paris: FR0000130577 - news) refused on Thursday to get drawn into commenting on rival WPP (Frankfurt: A1J2BZ - news) , following the shock departure of WPP's boss Martin Sorrell.

Asked during an analyst call if Publicis might eye any WPP (Swiss: OXWPP.SW - news) assets should they be sold off, Publicis Chief Executive Arthur Sadoun replied: "We are not speculating at all about what is happening at WPP."

Sadoun also reiterated that Publicis would keep a "disciplined" approach regarding its mergers and acquisitions strategy, which would focus on areas such as data and digital. (Reporting by Sudip Kar-Gupta and Matthieu Protard Editing by Susan Fenton)