Hanover buys Bell Pottinger Middle East

Updated 21 November 2017
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Hanover buys Bell Pottinger Middle East

LONDON: The Middle East operations of Bell Pottinger have been bought by the UK-based Hanover Group.
The sale, for an undisclosed fee, includes the Abu Dhabi operating license of the the PR company.
Bell Pottinger collapsed in the UK after running a racially charged public relations campaign in South Africa.
The sale of the Middle East business was negotiated by BDO, the insolvency company acting on the administration of Bell Pottinger Private Limited, which collapsed in September.
Bell Pottinger Middle East (BPME) was not involved in the controversy that led to the collapse of the UK business and has successfully traded through the affair under the leadership of managing director Archie Berens, who will now run Hanover Middle East as chairman. The business has a raft of clients in the region, including Abu Dhabi-owned property giant Aldar.
Hanover director Amy Piek confirmed to Arab News that the sale had gone ahead, following offers from “several” interested parties.
Piek said: “We’re very excited to move forward with Hanover. It has been a very testing time over the last two months. However, most of the team have stayed with the company.”
Piek confirmed that the Hanover deal would transfer all of BPME’s current employees and clients as of Monday.
The acquisition will add 14 consultants to Hanover’s EMEA team of 125 and is expected to take its 2018 fee income to over £20 million.
Hanover specializes in strategic consultancy advice in the financial services, health care, technology, media and telecoms sectors and has a separate sports creative agency, The Playbook.


Richard Branson steps down from role as chairman of Virgin Hyperloop

Updated 3 min 38 sec ago
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Richard Branson steps down from role as chairman of Virgin Hyperloop

  • Branson says the company, that plans to build a supersonic transport system in the United Arab Emirates and other countries, needs a more actively involved leader
  • Virgin Hyperloop One’s biggest shareholder, Dubai’s DP World, said the company was seeking a new chairman

DUBAI: Richard Branson is quitting as chairman of Virgin Hyperloop One after saying the company, that plans to build a supersonic transport system in the UAE and other countries, needs a more actively involved leader, a statement confirmed on Monday.
“At this stage in the company’s evolution, I feel it needs a more hands-on Chair, who can focus on the business and these opportunities,” the statement quoted Branson as saying.
“It will be difficult for me to fulfil that commitment as I already devote significant time to my philanthropic ventures and the many businesses within the Virgin Group.”
Virgin Hyperloop One’s biggest shareholder, Dubai’s DP World, said the company was seeking a new chairman.