M&C Saatchi PLC
16 April 2007
M&C SAATCHI ANNOUNCES ACQUISITION OF SPANISH AGENCY
Monday 16 April 2007
M&C Saatchi plc is pleased to announce the completion of our acquisition of 25%
of a Zapping Publicidad, S.A and its group of companies, a Spanish Marketing
Services group, with a commitment to acquire a further 50% over the next three
years. The Spanish group made a PBT of £0.9m in 2006.
David Kershaw, Chief Executive of M&C Saatchi plc, said:
'This transaction is consistent with the growth strategy we set out at the time
of our flotation - creating a global network for M&C Saatchi. We are pleased
that it increases our already strong offering in Europe, adding Spain to our
existing presence in UK, France and Germany.
Zapping is a tremendous group of companies in its own right, and will enable us
to increasingly compete for Pan-European business.'
Urs Frick, President of Zapping, said:
'Our agency is very proud to be joining the M&C Saatchi network, which is seen
as a leader in the global advertising industry. We look forward to building on
our success in the Spanish market as part of the M&C Saatchi team.'
For further information please call:
M&C Saatchi plc 020 7543 4500
David Kershaw, Chief Executive
Tulchan Communications 020 7353 4200
Celia Gordon Shute
This information is provided by RNS
The company news service from the London Stock Exchange
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