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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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11/30/201615:04:00Veteran GOP Strategist Scott W. Reed Joins Hill+Knowlton Strategies
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11/22/201610:00:00Ogilvy & Mather appoints Horacio Genolet Latin America CEO
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11/08/201612:12:00Communications Company WPP Signs Deal with Iranian Digital Marketing...
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11/04/201611:08:05Report of Foreign Issuer (6-k)

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