WPP's Burson-Marsteller Acquires Majority Stake in Effect PR
20 April 2016 - 6:18PM
Dow Jones News
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)
Copyright (c) 2016 Dow Jones & Company, Inc.
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