LONDON--WPP PLC (WPP.LN), the advertising group, Wednesday said its wholly-owned public relations firm Burson-Marsteller has agreed to acquire a majority stake in Turkish communications firm Effect PR, without disclosing financial details.

Effect posted sales in 2015 of approximately $2.5 million, with gross assets at the same date of approximately $3.3 million, WPP said in a statement.

At 0745 GMT, shares fell 0.4% to 1,671 pence.

 
--Write to Simon Zekaria at simon.zekaria@wsj.com

(END) Dow Jones Newswires

April 20, 2016 04:03 ET (08:03 GMT)

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