REG - WPP PLC - B-M acquires minority stake in Kenyan affiliate <Origin Href="QuoteRef">WPP.L</Origin>

WPPAnnouncement

09/12/2016 09:00

RNS Number : 4399R
WPP PLC
09 December 2016
FOR IMMEDIATE RELEASE
9 December 2016
WPP PLC ("WPP")
Burson-Marsteller acquires minority stake in Kenyan affiliate
WPP announces that its operating company Burson-Marsteller, a leading global strategic communications and public relations firm, has acquired a minority stake in its Kenyan affiliate, Engage Burson-Marsteller.

Headquartered in Nairobi and employing around 20 people, Engage Burson-Marsteller has grown rapidly since Burson-Marsteller helped to establish it in 2013. Clients include Nestl, MultiChoice, Samsung and CNN.
This acquisition further strengthens Burson-Marsteller's network of partners in Africa and continues WPP's strategy of investing in important markets and sectors. In Kenya WPP companies (including associates) generate revenues of almost US$50 million and employ almost 1500 people. Across the continent of Africa, the Group (including associates) collectively generates revenues of over US$600 million and employs almost 35,000 people.
WPP's public relations and public affairs companies collectively generate revenues (including associates and investments) of over US$1.6 billion and employ almost 10,000 people worldwide.
Contact:
Feona McEwan, WPP  +44(0) 20 7408 2204
Chris Wade, WPP

This information is provided by RNS
The company news service from the London Stock Exchange
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