2nd Jan 2007 09:39
WPP Group PLC02 January 2007 FOR IMMEDIATE RELEASE 2 JANUARY 2007 WPP GROUP PLC ("WPP") Grey Healthcare acquires CyS in Spain WPP announces that its wholly-owned operating company, Grey Healthcare Group("GHG"), the leading healthcare communications network has acquired a majoritystake in Comunicacion y Servicio Consultores de Marketing Publicidad SL ("CyS"),a leading independent healthcare communications services agency in Spain. Founded in 1997, CyS is based in Madrid and employs 16 people. Clients includeBristol Myers Squibb, Pfizer, Abbot Laboratories, GSK, Schering and BoehringerIngelheim. CyS joins GHG's global network of 43 offices in 22 countries. CyS's revenues for the year ended 31 December 2005 were Euro 4.3 million, withgross assets at the same date of Euro 1.5 million. This investment continues WPP's strategy of developing its networks in importantmarkets 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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