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WPP WPP PLC

51.07
0.55 (1.09%)
04 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
WPP PLC NYSE:WPP NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.55 1.09% 51.07 51.67 50.97 51.37 136,066 01:00:00

WPP's Burson-Marsteller Acquires Majority Stake in Effect PR

20/04/2016 9:18am

Dow Jones News


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LONDON--WPP PLC (WPP.LN), the advertising group, Wednesday said its wholly-owned public relations firm Burson-Marsteller has agreed to acquire a majority stake in Turkish communications firm Effect PR, without disclosing financial details.

Effect posted sales in 2015 of approximately $2.5 million, with gross assets at the same date of approximately $3.3 million, WPP said in a statement.

At 0745 GMT, shares fell 0.4% to 1,671 pence.

 
--Write to Simon Zekaria at simon.zekaria@wsj.com 
 

(END) Dow Jones Newswires

April 20, 2016 04:03 ET (08:03 GMT)

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

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