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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