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Share Name | Share Symbol | Market | Type |
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Ageas SA NV | BIT:AGS | Italy | Ordinary Share |
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0.00 | 0.00% | 0.00 | - |
RNS Number:5085P Aegis Group PLC 08 September 2003 8 September 2003 For Immediate Release Aegis Group plc Aegis Acquires Blackstone Market Facts in India. Aegis Group plc ("Aegis") - the media communications and market research group - announced today that it has acquired all the outstanding share capital of Blackstone Market Facts (BMF) a research company based in India. Aegis had previously held 25% of the issued share capital of BMF. The initial consideration of approximately #0.6m is payable in cash on completion and the deal is subject to approval by the Indian government; there is also a small amount of deferred cash consideration, subject to challenging performance criteria, payable over the next three years. BMF had revenues of approximately #2 million for the year ended 31 March 2003. Commenting on the announcement, Doug Flynn, Chief Executive of Aegis said: "BMF is a fine market research company and the acquisition of these outstanding shares solidifies the position of Synovate, our international research network, in India. BMF has shown rapid growth in this fast expanding market and the acquisition further enhances our international capability." -ENDS- For further information contact: Aegis Group plc (44) 20 7070 7700 Richard Walters Financial Dynamics (44) 20 7831 3113 Charles Palmer NOTES TO EDITORS About Aegis Group plc. Aegis Group plc is the holding company for Carat, its media strategy, planning and buying business and Synovate, its market research business. These two operating groups provide clients with a range of services across, media communication services, marketing consultancy and market research. Listed on the London Stock Exchange, Aegis is capitalised at around #1.3 billion and operates in 64 countries. More information is available at www.aegisplc.com. About Synovate Synovate generates consumer insights that drive competitive marketing solutions. The network provides clients with cohesive global support and a comprehensive suite of leading research products. About Blackstone Market Facts Blackstone Market Facts has a dedicated team of over 180 professionals to handle all aspects of research right from problem definition to data collection, to analysis and interpretation of data till providing solution and insights to the client. Over 70 research professionals work in close association with various clients to cater to their specific needs. The operation has offices spread across the major business centres - viz Mumbai, Delhi, Bangalore, Chennai, Hyderabad, Calcutta, Lucknow, Bhubaneshwar and Cochin. In addition to this, it has 28 local teams across India that ensure a quick and efficient data collection This information is provided by RNS The company news service from the London Stock Exchange END ACQBSGDCGBGGGXI
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