20th Jul 2006 07:01
M&C Saatchi PLC20 July 2006 M&C Saatchi plc Acquires a German presence M&C Saatchi plc, the international marketing communications Group todayannounces that it has acquired 80% of the issued share capital of 03Internetional Projects GmbH. This Berlin based German adverting agency that had2005 unaudited revenues of €0.7m. Nick Hurrell, Chairman of M&C Saatchi Europe said: "Bringing M&C Saatchi andINTERNATIONAL together will create more than the sum of the parts. Todd is anentrepreneur, and an enormously talented creative director. I have everyconfidence that he will build a sensational agency in Berlin with us." Todd Schulz, Founder of INTERNATIONAL, said: "We were very proud when an agencywith such a great reputation like M&C Saatchi approached us to open their newGerman office. Since our ambition at INTERNATIONAL has always been to operate onan international basis, we see a great opportunity for this new company tocontinue this thinking on a broader scale to the benefit of our clients and M& CSaatchi clients, as well as to new prospects." This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
M&C Saatchi