M&C Saatchi is fully back in business it seems after its shares were suspended in the wake of an accounting scandal – they’ve bounced back to 80p compared to a year low of 27.5p – and about-to-be-annointed CEO Moray MacLennan is still busy across the world, buying smallish South Africa agency Dalmatian Digital.
M&C will own 50.1 per cent with founders with the remainder in the hands of directors and staff. The agency will be aligned with, but separate from, M&C Saatchi Abel.
MacLennan (left) says: “With so many opportunities in the South African market it has become increasingly important for the group to have another quality offering to provide holistic communications solutions.”
MacLennan, who currently runs M&C’s diverse international network, takes over as CEO of everything in January on the departure of founders David Kershaw, Bill Muirhead and Jeremy Sinclair.