WPP Group PLC
19 February 2007
FOR IMMEDIATE RELEASE 19 February 2007
WPP GROUP PLC ("WPP")
Ogilvy & Mather acquires Interflow's advertising business in Pakistan
WPP announces that its joint venture company Ogilvy & Mather Pakistan (Private)
Limited, has agreed to acquire part of the advertising business of Interflow
Communications (Private) Limited ("Interflow").
Founded in 1983 and located in Lahore and Karachi, Interflow employs 67 people.
Interflow's revenues for the year ended 30 June, 2006 were PKR108 million with
gross assets at the same date of PKR9.2 million. Clients include Nestle, the
Dubai Investment Bank, Unilever, British American Tobacco and Total.
This investment continues WPP's strategy of developing its networks in fast
growing markets and sectors. Pakistan is one of the fastest-growing markets in
Asia, with a population of 165 million and GNP growth of almost 7%.
Contact:
Feona McEwan, WPP T: 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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