16th Apr 2007 12:00
M&C Saatchi PLC16 April 2007 M&C SAATCHI ANNOUNCES ACQUISITION OF SPANISH AGENCYMonday 16 April 2007 M&C Saatchi plc is pleased to announce the completion of our acquisition of 25%of a Zapping Publicidad, S.A and its group of companies, a Spanish MarketingServices group, with a commitment to acquire a further 50% over the next threeyears. The Spanish group made a PBT of £0.9m in 2006. David Kershaw, Chief Executive of M&C Saatchi plc, said: "This transaction is consistent with the growth strategy we set out at the timeof our flotation - creating a global network for M&C Saatchi. We are pleasedthat it increases our already strong offering in Europe, adding Spain to ourexisting presence in UK, France and Germany. Zapping is a tremendous group of companies in its own right, and will enable usto increasingly compete for Pan-European business." Urs Frick, President of Zapping, said: "Our agency is very proud to be joining the M&C Saatchi network, which is seenas a leader in the global advertising industry. We look forward to building onour success in the Spanish market as part of the M&C Saatchi team." For further information please call: M&C Saatchi plc 020 7543 4500 David Kershaw, Chief Executive Tulchan Communications 020 7353 4200 Celia Gordon Shute This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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