WPP: Grey to Buy Majority Stake in Peru's Circus
June 12 2014 - 11:54AM
Dow Jones News
LONDON--WPP PLC (WPP.LN) Thursday said its subsidiary Grey
agreed to buy a majority stake in Circus Peru S.A., Peru's largest
independent advertising agency, for an undisclosed sum.
Circus, which was founded in 2008 and recorded revenue of 34
million nuevo sols ($12.1 million) last year with Dec. 31 net
assets of PEN9.0 million, will be integrated into Grey's Peru
business and be renamed Circus Grey, WPP said.
WPP Shares at 1518 GMT were up 6 pence or 0.5% at 1,309
pence.
Write to Ed Ballard at ed.ballard@wsj.com
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