M6 METROPOLE TELEVISION: Disposal of CTZAR to the Group The Independents
July 06 2023 - 2:25AM
Business Wire
Regulatory News:
The M6 Group (Paris:MMT) through its advertising subsidiary M6
Publicité, sells its majority stake of CTZAR to the Group The
Independents.
As part of its diversification strategy, the M6 Group acquired
CTZAR at the end of 2018 in order to strengthen its presence in
social media and enrich its offer of advertising solutions.
Forerunner agency of social media marketing and influence, CTZAR
has become a recognized player in this market by doubling its
turnover between 2019 and 2023 and increasing its profitability
beyond 15%.
In order to accelerate its international development, CTZAR is
joining The Independents, a global marketing and communication
group specializing in luxury and lifestyle based in 10
countries.
The positive result of this disposal illustrates, once again,
the relevance of the Group's strategic choices in terms of
diversifications.
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version on businesswire.com: https://www.businesswire.com/news/home/20230705996087/en/
INVESTOR RELATIONS Myriam Pinot +33 (0)1 41 92 57 73
/ myriam.pinot@m6.fr
PRESS Paul Mennesson +33 (0)1 41 92 61 36
/ paul.mennesson@m6.fr
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