25th Jan 2008 07:00
WPP Group PLC25 January 2008 FOR IMMEDIATE RELEASE 25 January 2008 WPP GROUP PLC ("WPP") JWT acquires majority stake in Encompass in India WPP announces that its wholly-owned operating company JWT, the leading globalmarketing services network, has agreed to acquire, subject to regulatoryapproval, a majority stake in Encompass Events Private Limited ("Encompass"), aleading independent events and promotions agency. Founded in 1996 by Roshan Abbas and Sukrit Singh, Encompass employs 240 peopleand is based in New Delhi with offices in Mumbai, Bangalore, Chennai, Kolkatta,Hyderabad and Singapore. Clients include Accenture, Ford, GlaxoSmithKline,Hewlett-Packard, HSBC, ICICI Pru, Microsoft, National Geographic Channel, Nokiaand Pepsi. Encompass's unaudited revenues for the year ended 31 March 2007 were INR 206million, with gross assets at the same date of INR 104 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 2204www.wpp.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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