M&C Saatchi PLC
20 July 2006
M&C Saatchi plc
Acquires a German presence
M&C Saatchi plc, the international marketing communications Group today
announces that it has acquired 80% of the issued share capital of 03
Internetional Projects GmbH. This Berlin based German adverting agency that had
2005 unaudited revenues of €0.7m.
Nick Hurrell, Chairman of M&C Saatchi Europe said: 'Bringing M&C Saatchi and
INTERNATIONAL together will create more than the sum of the parts. Todd is an
entrepreneur, and an enormously talented creative director. I have every
confidence that he will build a sensational agency in Berlin with us.'
Todd Schulz, Founder of INTERNATIONAL, said: 'We were very proud when an agency
with such a great reputation like M&C Saatchi approached us to open their new
German office. Since our ambition at INTERNATIONAL has always been to operate on
an international basis, we see a great opportunity for this new company to
continue this thinking on a broader scale to the benefit of our clients and M& C
Saatchi clients, as well as to new prospects.'
This information is provided by RNS
The company news service from the London Stock Exchange
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