25th Mar 2008 09:56
WPP Group PLC25 March 2008 For Immediate Release 25 March 2008 WPP GROUP PLC ("WPP") Research International acquires majority stake in Zdology in China WPP announces that its wholly-owned operating company, Research International,the global custom market research network, has agreed to acquire, subject toregulatory approvals, a majority stake in Zdology, a leading shopper researchspecialist in China. Founded in 2004 in Guangzhou, the consultancy's clients include Anheuser-Busch,Herborist Cosmetics, Johnson & Johnson, Kraft, Motorola, Pfizer and WrigleyChina. Zdology's unaudited revenues for the year ended 31 December 2007 were RMB6.2million, with gross assets at the same date of RMB 5.6million. This investment continues WPP's strategy of developing its networks infast-growing markets and sectors. Greater China - a region WPP has beencommitted to for over 20 years - remains one of the fastest growth markets forWPP, generating revenues of over $600 million, almost one-quarter of thecompany's Asian revenues. The Group currently employs 9,000 people acrossGreater China, underlining its strong leadership position in the region - as inAsia overall - across all communications services. 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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