By Adria Calatayud

WPP PLC (WPP.LN) said Friday that it has sold The Farm Group, a post-production-services provider, to Los Angeles-based Picture Shop for an undisclosed sum.

The London-based advertising group said the deal is in line with its plans to simplify its portfolio and focus on core businesses as part of a strategy launched in December.

Shares at 1049 GMT were up 0.5% at 989 pence.

Write to Adria Calatayud at adria.calatayudvaello@dowjones.com

(END) Dow Jones Newswires

June 21, 2019 07:07 ET (11:07 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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