WPP Group PLC
06 September 2005
FOR IMMEDIATE RELEASE 6 September 2005
WPP GROUP PLC ("WPP")
Ogilvy Public Relations Worldwide acquires iPR in Greater China
WPP announces that its wholly-operating company Ogilvy Public Relations
Worldwide, the leading public relations and public affairs network, has acquired
a majority stake in iPR Asia Holdings Limited ("iPR") a leading financial public
relations agency.
Founded in 1999 and headquartered in Hong Kong, with offices in Beijing, iPR has
30 full time employees. Clients include Lifestyle International, Clear Media,
Yue Yuen Industrial, Shanghai Forte Land, China Oilfield Services and Yanzhou
Coal.
iPR's revenues for the year ended 31 December 2004 were HK$25 million, with net
assets at the same date of HK$3million.
This investment reinforces WPP's comprehensive communications services offer and
continues to Group's strategy of developing its networks in important and faster
growing markets and sectors.
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
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