WPP Group PLC
28 April 2008
FOR IMMEDIATE RELEASE 28 April 2008
WPP GROUP PLC ("WPP")
Bates 141 acquires majority stake in Evision in China
WPP announces that its wholly-owned operating company Bates 141 has agreed to
acquire, subject to regulatory approvals, a majority stake in Evision, a leading
digital agency in China that specialises in interactive design, mobile marketing
and CRM.
Founded in 2003, Evision is based in Shanghai. Clients include Nike, Diageo,
Mentos, Wyeth and Bao Steel.
Evision's unaudited revenues for the year ended 31 December 2007 were RMB
28.9million , with gross assets at the same date of RMB 23.5million.
This investment continues WPP's strategy of developing its networks in fast
growing markets and sectors and strengthening its capabilities in digital media.
Greater China - a region WPP has been committed to for over 20 years - remains
one of the fastest growth markets for WPP, generating revenues of over $600
million, almost one-quarter of the company's Asian revenues. The Group currently
employs 9,000 people across Greater China, underlining its strong leadership
position in the region - as in Asia overall - across all communications
services.
Contact:
Feona McEwan, WPP T. +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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