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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