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WPP Wpp Plc

829.20
-4.00 (-0.48%)
23 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Wpp Plc LSE:WPP London Ordinary Share JE00B8KF9B49 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -4.00 -0.48% 829.20 829.80 830.80 831.00 819.20 829.20 3,987,659 16:35:14
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Advertising Agencies 14.84B 110.4M 0.1024 81.09 8.99B

Acquisition

06/10/2003 11:40am

UK Regulatory


RNS Number:5522Q
WPP Group PLC
06 October 2003


FOR IMMEDIATE RELEASE                                     6 October 2003



                           WPP GROUP PLC ("WPP")

                      rmg:connect acquires MDM in Germany

WPP announces that its wholly owned operating company rmg:connect, the  leading
relationship marketing network, has acquired 65% of the issued share capital of
the German agency, MDM Mungenast Dialog Marketing ("MDM"), and has entered into
options to acquire the balance.


Founded in 1980 and based in Stuttgart, MDM has a strong reputation for direct
marketing and below the line services, and has specific expertise in the
automotive sectors, mail-order houses and publishing companies. Clients include:
Gruner&Jahr, Reader's Digest and a member of the Otto mail-order house-group.


MDM employs 50 people and had revenues of euros 6.9 million for the year ended
31 December 2002 and net assets of euros 701,000 as at the same date.



This investment continues WPP's strategy of developing its direct, promotion and
relationship marketing businesses through a combination of acquisition and
organic growth.



For further information, please contact:


Feona McEwan, WPP                      44-20 7408 2204
www.wpp.com





                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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