25th Apr 2005 11:37
WPP Group PLC25 April 2005 For Immediate Release 25 April 2005 WPP GROUP PLC ("WPP") WPP acquires majority stake in Sra Rushmore in Spain WPP announces that its wholly-owned operating company Red Cell, the advertisingagency network, has acquired a majority stake in the share capital of SraRushmore, Spain's leading independent creative advertising agency. Founded in Madrid in 2000, Sra Rushmore employs 40 people. The agency's clientsinclude Atletico Madrid, Coca-Cola, Diageo, El Corte Ingles and ING Direct. Sra Rushmore's revenues for the year ended 31 December 2004 were euro10,859,000with net assets of euro987,000 as at that date. This investment continues WPP's strategy of continuing to strengthen thecreative capability of the group and of developing its networks in importantgeographic markets and sectors. For further information, please contact: Feona McEwan, WPP 44-20 7408 2204www.wpp.comwww.redcellnetwork.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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