WPP Group PLC
05 April 2007
FOR IMMEDIATE RELEASE 5 April 2007
WPP GROUP PLC ("WPP")
MindShare acquires former Affiliate in Russia
WPP announces that its wholly-owned operating company, MindShare, the leading
media investment management network, has completed the acquisition of its former
affiliate in Moscow ("MindShare Russia"). The business of MindShare Russia
(which includes business carried on under related brands Maximise and MindShare
Interaction) was formerly carried on under the names Adworks Corporation, New
Edge Media, Media Insight and mDigital.
Founded in 2001 and based in Moscow, MindShare Russia employs 106 people
servicing MindShare's global clients, including Ford, Motorola, IBM,
Kimberly-Clark and Pfizer.
The revenues of the acquired businesses for the year ended 31 December 2006 were
RUR 186,715,000 with gross assets at that date of RUR 413,054,000.
This investment continues WPP's strategy of developing its networks in fast
growing markets and sectors.
Contact:
Feona McEwan, WPP +44 (0)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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