WPP: Possible Worldwide Buys Majority Stake in Germany's Conrad Caine
22 January 2016 - 6:38PM
Dow Jones News
LONDON--Advertising giant WPP PLC (WPP.LN) said Friday that
POSSIBLE Worldwide has agreed to buy a majority stake in Conrad
Caine GmbH, a full service digital agency headquartered in Munich,
Germany, for an undisclosed sum.
Founded in 1998, Conrad Caine delivers digital strategy, user
experience, asset creation, campaigns and CRM to its clients.
Conrad has its headquarters in Germany and other offices in
Pelotas, Brazil and Buenos Aires, Argentina. It's revenues for the
year ended Dec. 31, 2014 were 8.5 million euros ($ million) with
gross assets of EUR3.6 million as at the same date.
-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
January 22, 2016 02:23 ET (07:23 GMT)
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