1st Mar 2007 15:31
WPP Group PLC01 March 2007 FOR IMMEDIATE RELEASE 1 March 2007 WPP GROUP PLC ("WPP") Ogilvy & Mather acquires 40 % of etcO in Brazil WPP announces that its wholly-owned operating company Ogilvy & Mather Worldwide,the leading advertising and marketing communications network, has acquired 40%of the share capital of Etco - Empresa Tecnica de Communicacao S/C Ltda("etcO"), a specialist in retail advertising. Founded in 1987 and based in Ribeirao Preto, Brazil etcO employs 40 people etcOhad unaudited revenues of US$7.5 million for the year ended 31 December 2006,with gross assets at the date of acquisition of US$7.5 million. This investment continues WPP's strategy of developing its networks in fastgrowing markets and sectors. Contact:Feona McEwan, WPP T: + 44-(0)20 7408 2204www.wpp.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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