senckađ
Group745
Group745
Group745
Group745
Group745
Group745
EDITION
Global
USA
UK
AUNZ
CANADA
IRELAND
FRANCE
GERMANY
ASIA
EUROPE
LATAM
MEA
Hires, Wins & Business in association withLBB Pro
Group745

WPP Takes Majority Stake in GroupM & JWT in Russia

13/01/2014
Holding Company
London, United Kingdom
17
Share
Russian expansion continues for WPP

WPP has agreed to take an 80% majority stake in the WVI Group of companies, the joint venture holding company for a number of WPP brands in Russia, including media investment management businesses Maxus, MEC, MediaCom, Mindshare, GroupM and the global marketing communications company JWT. The deal is subject to regulatory approval. An agreement has also been reached to purchase the remaining 20% stake in 2016. 

 

This investment continues WPP’s strategy of developing its services in fast-growing and important markets and sectors. WPP companies (including associates) in Russia have revenues of over US$300 million and employ over 2,000 people. Across the Central and Eastern European markets collectively, WPP companies (including associates) generate revenues of well over US$600 million and employ almost 6,000 people, underlining its leadership position in this important region. 

SIGN UP FOR OUR NEWSLETTER
More News from WPP
1.1k
0
Hires, Wins & Business
WPP Brings T&Pm Fully Within Its Global Network
13/11/2024
93
0
ALL THEIR NEWS
Work from WPP
Taste of New York
vitaminwater
24/07/2024
19
0
The Energy of New York
vitaminwater
24/07/2024
11
0
Color of New York
vitaminwater
24/07/2024
12
0
ALL THEIR WORK
SUBSCRIBE TO LBB’S newsletter
FOLLOW US
LBB’s Global Sponsor
Group745
Language:
English
v10.0.0