Dentsu Group in Japan considers selling international business.

According to sources cited by the Financial Times, Japan's Dentsu Group is exploring the sale of its international business. It has entrusted Mitsubishi UFJ Morgan Stanley and Nomura Securities to handle the potential sale. The Financial Times reported that this transaction could raise billions of dollars. Dentsu is considering various options for its overseas business, including selling it as a whole or selling a minority stake. A final decision has not yet been made, and Dentsu plans to determine a clear plan by the end of the year. Dentsu, Morgan Stanley, and Nomura Securities have all declined to comment on the Financial Times report. Dentsu had previously planned to reduce costs by cutting about 3,400 overseas employees.