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  5. WPP Acquires Majority Stake In Plasenta Conversation Agency

Pin to quick picksWPP Share News (WPP)

WPP Information

Share Price Information for WPP (WPP)

London Stock Exchange
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Share Price: 724.40
Bid: 722.00
Ask: 722.40
Change: -16.60 (-2.24%)
Spread: 0.40 (0.055%)
Open: 740.00
High: 740.40
Low: 721.60
Prev. Close: 741.00
WPP Live PriceLast checked at -

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WPP Acquires Majority Stake In Plasenta Conversation Agency

Wed, 20th Nov 2013 11:54

LONDON (Alliance News) - WPP PLC said Wednesday that it has acquired a majority stake in social media agency Plasenta Conversation Agency.

Plasenta is based in Istanbul, Turkey. Its revenues in 2012 were TRY3.5 million, with gross assets of TRY1.5 million. Revenues in the twelve months to September 2013 were TRY7.3 million, WPP said.

WPP did not provide financial details of the acquisition.

Shares in the advertising and media giant were trading down 4.00 pence at 1,326.00 pence Wednesday morning.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

Copyright © 2013 Alliance News Limited. All Rights Reserved.

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