WPP Buys Majority Stake in Finland-Based Digital Agency Activeark

Date : 07/09/2012 @ 7:00AM
Source : Dow Jones News
Stock : Wpp Plc ADS Each Representing Five Ordinary Shares (MM) (WPPGY)
Quote : 101.92  -1.74 (-1.68%) @ 10:18AM

WPP Buys Majority Stake in Finland-Based Digital Agency Activeark

WPP (LSE:WPP)
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LONDON--WPP PLC (WPP.LN), an advertising and marketing group, said Monday that JWT, its wholly-owned advertising agency network, acquired a majority equity stake in Activeark Oy, a full service digital agency in Finland.

MAIN FACTS:

-Activeark, founded 2003, is based in Helsinki with operations in the U.K. and India.

-Employs more than 80 people.

-JWT Finland and Activeark will combine their businesses and partner in Finland

-Activeark gross revenues for year ended Dec. 31 EUR8.1 million; gross assets EUR3.4 million.

-Shares at 1025 GMT down five pence, or 0.6%, at 793 pence valuing the company at GBP10 billion.

-Write to Ed Ballard at ed.ballard@dowjones.com

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