Huntsworth completes sale of stake to Chinese PR group BlueFocus

News in Brief

UK-listed PR group Huntsworth has completed the £36.5m sale of a 19.6 per cent stake to Chinese PR group BlueFocus.

The transaction and the accompanying appointment of BlueFocus CEO Oscar Zhao as a non-executive director of Huntsworth is part of a "strategic alliance" between the two groups.

The tie-up was announced in April before the two companies secured the approval of Chinese regulators and Huntsworth shareholders.

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