WPP's Subsidiary Grey Buys Majority Stake in Maruri in Ecuador
05 Agosto 2016 - 4:34PM
Dow Jones News
LONDON--Advertizing firm WPP PLC (WPP.LN) said Friday that its
operating company Grey, has acquired a majority stake in Maruri
Publicidad S.A., a communications services company in Ecuador for
an undisclosed sum.
Maruri's unaudited gross revenues were almost $10 million as of
December 31, 2015 with gross assets of $4 million as of the same
date.
Founded in 1991, Maruri employs 130 people and is based in
Guayaquil with an office in Quito.
WPP said the acquisition continues WPP's strategy of investing
in faster-growing markets such as Latin America.
-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter:
@Raztweet
(END) Dow Jones Newswires
August 05, 2016 10:19 ET (14:19 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
Grafico Azioni WPP (NYSE:WPP)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni WPP (NYSE:WPP)
Storico
Da Lug 2023 a Lug 2024
