Communications Company WPP Buys Design Agency in Netherlands
April 26 2016 - 6:47AM
Dow Jones News
LONDON--WPP PLC (WPP.LN) Tuesday said it has bought a design
agency in the Netherlands called Centrale Holding Du Bois Ording
B.V. or dBOD, adding that this will result in a merger with VBAT, a
wholly-owned operating company of WPP.
dBOD is a full-service agency specializing in packaging design,
corporate design, digital media and retail design, said the holding
company engaged in providing communications services. For the 12
months ended Dec. 31, 2014 dBOD's revenue was of 3.3 million euros
($3.7 million), WPP said.
WPP said its revenue from the Netherlands amounts to $300
million.
Shares at 1015 GMT down 4 pence, or 0.3%, at 1,600 pence valuing
the company at 20.72 billion pounds ($29.5 billion).
Write to Olga Cotaga at olga.cotaga@wsj.com, Twitter
@OlgaCotaga
(END) Dow Jones Newswires
April 26, 2016 06:32 ET (10:32 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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