WPP Group PLC
04 April 2005
FOR IMMEDIATE RELEASE 4 April 2005
WPP GROUP PLC ("WPP")
WPP and Video International Group to develop
a stronger partnership in Russia
WPP and Video International Group ("VI"), Russia's leading communications
services group, have conditionally agreed to form a number of joint companies,
which will operate in Russia and throughout the Confederation of Independent
States.
The partnership will cover certain of their existing businesses: VI's current
advertising agency, Ravi, will operate in conjunction with JWT, Bates VIAG will
be relaunched as Red Cell and CIA Russia will be relaunched as Mediaedge:cia.
VI and WPP will develop 141 Worldwide, an integrated marketing services agency,
in the market. In addition, a company providing back office and support
services in media investment management will also be formed.
This initiative continues WPP's strategy of developing its networks in
faster-growing markets and communications services 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
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.