LONDON--Advertising giant WPP PLC (WPP.LN) said Monday its wholly-owned operating company Cohn & Wolfe, has bought a majority stake in Grupo Máquina, a Brazilian public relations and public affairs groups, for an undisclosed sum.

This investment continues WPP's strategy of investing in fast growing markets and sectors and its commitment to developing its strategic networks throughout the Brazilian market, it said.

Collectively group companies generate revenues of around $600 million and employ over 6,000 people in Brazil, WPP's seventh largest market. In Latin America, WPP companies collectively generate revenues of over $1.6 billion and employ over 21,000 people.

-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

(END) Dow Jones Newswires

January 18, 2016 06:56 ET (11:56 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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