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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 13.00 | 1.79% | 739.80 | 739.20 | 739.60 | 749.80 | 732.60 | 744.00 | 2,330,834 | 16:35:12 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Advertising Agencies | 14.84B | 110.4M | 0.1023 | 72.30 | 7.84B |
Hot Features
Premium
RNS Number:8619O
WPP Group PLC
20 August 2003
For Immediate Release 20 August 2003
WPP
Cordiant equity stake in ZenithOptimedia
WPP Group plc ("WPP") confirms that it has sold its 25% shareholding in
ZenithOptimedia, acquired as part of the Cordiant Communications Group plc
transaction.
The equity interest has been sold to Publicis Groupe SA at a price of #75
million in accordance with Publicis Groupe SA's contractual obligation. WPP,
through Cordiant, currently retains equity interests in Zenith franchises in
nine countries, covering Hong Kong, Malaysia, Indo-China, Argentina, Greece,
Norway, India, Australia and Lebanon, and has trading relationships in another
fourteen markets where Zenith has franchises.
ZenithOptimedia's audited revenues and post-tax profits for 2002 were #148m and
#13m respectively.
Recent disposals by Cordiant in the last two months now total #160m. This
compares with a pre-disposal net debt level of #235m.
For further information, please contact:
Feona McEwan, WPP
+44 20 7408 2204
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCURAKROBRWURR
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