WPP Group PLC
12 December 2005
FOR IMMEDIATE RELEASE 12 December 2005
WPP GROUP PLC ("WPP")
Burson-Marsteller acquires Genesis in India
WPP announces that its wholly-owned operating company Burson-Marsteller, the
leading global public relations and public affairs network, has agreed to
acquire, conditional on regulatory approvals, the entire share capital of
Genesis Public Relations Private Limited ("Genesis") a leading Indian public
affairs agency.
Founded in 1992, Genesis has been affiliated to Burson-Marsteller since 2002.
Genesis is headquartered in Gurgaon, with offices in New Delhi, Mumbai, Kolkata,
Bangalore, Hyderabad and Chennai, and has 135 full time employees. Clients
include Hutchison Max Telecom, Hewlett Packard, Kotak Mahindra, Max Network Life
and Sony Entertainment Television.
Genesis's revenues for the year ended 31 March 2005 were Rs 132,832,663, with
net assets at the same date of Rs 36,170,000.
This investment continues WPP's strategy of developing its networks in fast
growing markets and sectors.
For further information please contact:
Feona McEwan, WPP London 44-20 7408 2204
www.wpp.com
This information is provided by RNS
The company news service from the London Stock Exchange
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