11th Dec 2006 09:05
WPP Group PLC11 December 2006 FOR IMMEDIATE RELEASE 11 December 2006 WPP GROUP PLC ("WPP") PPGH/JWT and Ubachs Wisbrun merge to form Ubachs Wisbrun/JWT in the Netherlands WPP announces that its wholly-owned operating company JWT, the leadingadvertising agency network, has agreed to merge its Dutch operating company PPGH/JWT Groep BV with leading independent agency Ubachs Wisbrun BV ("UbachsWisbrun"). WPP will hold a 60% stake in the merged business which will berenamed Ubachs Wisbrun/JWT. Ubachs Wisbrun/JWT will commence trading on 1January 2007. Founded in 1996, Ubachs Wisbrun is based in Amsterdam and employs 56 people.Clients include Rabobank, Etos, Schuitema (C1000), ANWB and @Home. Ubachs Wisbrun's revenues for the year ended 31 December 2005 were • 8.6million, with gross assets at the same date of • 5.5m. This investment continues WPP's strategy of developing advertising capabilitiesfor existing and new clients in mature markets. 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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