Business
Grey takes majority stake in Bruketa&Zinic,Croatia
Grey takes majority stake in Bruketa&Zinic,Croatia.
About this update from Wpp Plc
[{"type":"text","content":"\n \nRNS Number : 7225Z WPP PLC 16 March 2017 \n\n\n\n\n\nFor Immediate Release\n\n\n16 March 2017\n\n\n\n\n \n \nWPP PLC (\"WPP\") \n \nGrey agrees to acquire majority stake in leading creative agency, Bruketa&Žinić, in Croatia\n \n \nWPP announces that its wholly-owned operating company Grey, the global marketing communications agency, has agreed to take a majority stake in Bruketa&Žinić OM d.o.o. (\"Bruketa&Žinić\") in Croatia. Founded in 1995 and based in Zagreb, Bruketa&Žinić is a full-service creative agency. \n \nFollowing this acquisition, Bruketa&Žinić will merge with Grey Zagreb, a wholly-owned operating company of WPP and Grey Worldwide, to create Bruketa&Zinic&Grey. This merger will strengthen WPP's offer in the Adriatic region and allow Bruketa&Žinić to tap into business opportunities throughout Grey's EMEA region.\n \nBruketa&Žinić's revenues for the year ended 31 December 2015 were approximately HRK20.9 million with gross assets of approximately HRK12.9 million as at the same date. The company employs approximately 60 people.\n \nIn Central and Eastern Europe, WPP companies (including associates) generate revenues of over US$500 million and employ over 6,000 people.\n \n \nContact:\nFeona McEwan, WPP +44 (0)20 7408 2204\nChris Wade, WPP\n \n \n \n \n \n \n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCZMGMFDVKGNZM\n ","length":2849,"tagName":"div"}]