WPP Buys agency in Mongolia for Undisclosed Sum
19 September 2014 - 5:42PM
Dow Jones News
LONDON--Advertising agency WPP PLC (WPP.LN) said Friday its
wholly owned operating company Y&R Advertising has agreed to
buy the creative and research agency of MCS Holding LLC, a
Mongolian conglomerate, for an undisclosed sum.
The deal marks WPP's first acquisition in Mongolia, with the
group now operating in 111 countries, it said.
Established in 2008, the creative and research agency provides a
range of services, including advertising development and events
management as well as consumer and retail market research
services.
-Write to Ian Walker at ian.walker@wsj.com
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