Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Acquisition

4th Sep 2007 08:56

WPP Group PLC04 September 2007 FOR IMMEDIATE RELEASE 4 September 2007 WPP GROUP PLC ("WPP") WPP acquires 51 % of Plano.Trio Comunicacao in Brazil WPP announces that it has acquired a 51% stake in Plano.Trio Comunicacao("Plano.Trio"), a specialist in trade and channel marketing, events, promotionsand design, in Brazil. Founded in 2003 and headquartered in Sao Paulo, with offices in Curitiba andPorto Alegre in a network spanning some of the major markets of Brazil,Plano.Trio employs 350 full time professionals and over 3800 field marketingrepresentatives. Plano.Trio's clients include Grendene, Nokia, Procter &Gamble, Vivo and Whirlpool. Plano.Trio had unaudited revenues of US$47 million for the year ended 31December 2006, with gross assets as of 30 June 2007 of US$23.8 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 2204 www.wpp.com This information is provided by RNS The company news service from the London Stock Exchange

Related Shares:

WPP
FTSE 100 Latest
Value8,758.99
Change0.95