WPP Group PLC
19 June 2002
FOR IMMEDIATE RELEASE 19 JUNE 2002
WPP GROUP PLC ("WPP")
Increases stake in Italian e-business consulting company, Inferentia
WPP announces that wpp.com, its internal parent company for its new media and
interactive activities, has conditionally agreed to increase its existing
investment in Inferentia SpA ("Inferentia"), a Milan-based e-business consulting
and services company, from 2.4% to 22.4%.
wpp.com will increase its stake by acquiring 8.7% of Inferentia's issued shares
and subscribing for new Inferentia shares, in each case at a price of Euros 8
per share. The aggregate cost of the proposed increased investment will not
exceed Euros 15.612 million.
This investment continues WPP's objective of developing its new media and
interactive interests both directly through the strengthening of its established
networks and indirectly through new ventures.
Feona McEwan at WPP, London
Tel: + 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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