11:20 AM EDT, 08/06/2024 (MT Newswires) -- Stagwell ( STGW ) said Tuesday it has agreed to acquire government advisory consultancy firm Consulum.

The company said the transaction is its second acquisition in the Middle East and North Africa region this year and is expected to boost its footprint in the Middle East.

No financial terms were disclosed.

Shares of Stagwell ( STGW ) were up more than 1% in recent trading.

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