WPP Ogilvy & Mather Buys Remaining Stake in 2 Chinese JVs
16 January 2017 - 8:41PM
Dow Jones News
LONDON--WPP PLC (WPP.LN) said Monday operating company Ogilvy
& Mather Marketing Communications Ltd. is buying the remaining
25% and 15% stakes in Shanghai Ogilvy & Mather Advertising and
Shanghai Ogilvy & Mather Marketing Communications Consulting
respectively--two joint ventures in China.
The company didn't disclose the purchase price of the
interest.
Shares at 0910 GMT up 12 pence, or 0.6%, at 1,900 pence valuing
the company at GBP24.3 billion.
-Write to Olga Cotaga at olga.cotaga@wsj.com, Twitter
@OlgaCotaga
(END) Dow Jones Newswires
January 16, 2017 04:26 ET (09:26 GMT)
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