WPP: Brand Union Buys Epigram in Brazil for Undisclosed Sum
September 09 2014 - 4:44AM
Dow Jones News
LONDON--Advertising firm WPP PLC (WPP.LN) said Tuesday its
wholly-owned operating company Brand Union, a branding and identity
company, has bought 60% of Epigram in Brazil for an undisclosed
sum.
Epigram offers a range of services including identity
development, graphic design and packaging, architecture and retail
space design.
Epigram's unaudited revenue for the year ended Dec. 31, 2013 was
8.4 million Brazilian Real ($3.73 million) with gross assets of
BRR$1.5 million at the same date.
WPP shares at 0810 GMT down 2 pence, or 0.15%, at 1289 pence
valuing the company at 16.98 billion pounds ($27.45 billion).
-Write to Ian Walker at ian.walker@wsj.com
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