5th Apr 2007 08:55
WPP Group PLC05 April 2007 FOR IMMEDIATE RELEASE 5 April 2007 WPP GROUP PLC ("WPP") MindShare acquires former Affiliate in Russia WPP announces that its wholly-owned operating company, MindShare, the leadingmedia investment management network, has completed the acquisition of its formeraffiliate in Moscow ("MindShare Russia"). The business of MindShare Russia(which includes business carried on under related brands Maximise and MindShareInteraction) was formerly carried on under the names Adworks Corporation, NewEdge Media, Media Insight and mDigital. Founded in 2001 and based in Moscow, MindShare Russia employs 106 peopleservicing MindShare's global clients, including Ford, Motorola, IBM,Kimberly-Clark and Pfizer. The revenues of the acquired businesses for the year ended 31 December 2006 wereRUR 186,715,000 with gross assets at that date of RUR 413,054,000. This investment continues WPP's strategy of developing its networks in fastgrowing markets and sectors. Contact:Feona McEwan, WPP +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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