28th Apr 2008 09:36
WPP Group PLC28 April 2008 FOR IMMEDIATE RELEASE 28 April 2008 WPP GROUP PLC ("WPP") Bates 141 acquires majority stake in Evision in China WPP announces that its wholly-owned operating company Bates 141 has agreed toacquire, subject to regulatory approvals, a majority stake in Evision, a leadingdigital agency in China that specialises in interactive design, mobile marketingand CRM. Founded in 2003, Evision is based in Shanghai. Clients include Nike, Diageo,Mentos, Wyeth and Bao Steel. Evision's unaudited revenues for the year ended 31 December 2007 were RMB28.9million , with gross assets at the same date of RMB 23.5million. This investment continues WPP's strategy of developing its networks in fastgrowing markets and sectors and strengthening its capabilities in digital media.Greater China - a region WPP has been committed to for over 20 years - remainsone of the fastest growth markets for WPP, generating revenues of over $600million, almost one-quarter of the company's Asian revenues. The Group currentlyemploys 9,000 people across Greater China, underlining its strong leadershipposition in the region - as in Asia overall - across all communicationsservices. 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 Exchange ENRelated Shares:
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