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WPP: Ogilvy & Matter Buys Minority Stake in Communication Group AS

LONDON--Advertising firm WPP PLC (WPP.LN) said Monday its wholly-owned operating company Ogilvy & Mather has acquired a minority stake in Communication Group, A.S., the holding company for the Istropolitana group of companies, in the Slovak Republic for an undisclosed sum. MAIN FACTS: -Istropolitana is a full service advertising agency comprising a number of separate businesses. -Istropolitana's consolidated unaudited revenue for the year ended Dec. 31, 2011 was 4.509 million euros, with gross assets of EUR3.672 million. -WPP shares at 0850 GMT up 4 pence, or 0.47%, at 750.5 pence valuing the company at 9.41 billion pounds. -Write to Ian Walker at ian.walker@dowjones.com

Stock News for Wpp (WPPGY)
DateTimeHeadline
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08/26/201412:36:04LONDON MARKETS: FTSE 100 Plays Catch-up With Europe, Climbs 0.7%
08/26/201406:03:37European Stocks Pause as Investors Still Mull Draghi's Hint at...
08/26/201404:39:48LONDON MARKETS: FTSE 100 Plays Catch-up With Europe, Climbs 0.4%
08/26/201404:27:10WPP: Millward Brown Buys InsightExpress for Undisclosed Sum
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07/24/201406:11:19WPP: Kantar Invests in ZappiStore; No Financial Details Disclosed
07/14/201418:23:58U.K. Stocks Under Pressure as Pound Strength Hits Cost of Selling...

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