6th Sep 2005 10:06
WPP Group PLC06 September 2005 FOR IMMEDIATE RELEASE 6 September 2005 WPP GROUP PLC ("WPP") Ogilvy Public Relations Worldwide acquires iPR in Greater China WPP announces that its wholly-operating company Ogilvy Public RelationsWorldwide, the leading public relations and public affairs network, has acquireda majority stake in iPR Asia Holdings Limited ("iPR") a leading financial publicrelations agency. Founded in 1999 and headquartered in Hong Kong, with offices in Beijing, iPR has30 full time employees. Clients include Lifestyle International, Clear Media,Yue Yuen Industrial, Shanghai Forte Land, China Oilfield Services and YanzhouCoal. iPR's revenues for the year ended 31 December 2004 were HK$25 million, with netassets at the same date of HK$3million. This investment reinforces WPP's comprehensive communications services offer andcontinues to Group's strategy of developing its networks in important and fastergrowing markets and sectors. For further information please contact: Feona McEwan, WPP 44-20 7408 2204www.wpp.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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