20th Dec 2006 07:01
WPP Group PLC20 December 2006 For Immediate Release 20 December 2006 WPP GROUP PLC ("WPP") Bates Asia acquires 74% of Sercon, an event management services company in India WPP announces that its wholly-owned operating company Bates Asia, the leadingpan-Asian advertising agency network, has conditionally agreed to acquire 74% ofthe share capital of Sercon India Private Limited ("Sercon"), a leading Indianevent management services company. Founded in 1996 and located in New Delhi, Sercon employs 120 people. Sercon'srevenues for the year ended 31 March, 2006 were Rs63 million with gross assetsat the same date of Rs82 million. Clients include Sun Microsystems, AsianPaints, HDFC, Nortel and Cavin Care. This acquisition 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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