REG - WPP PLC - WPP - full ownership of agencies in Asia Pacific

WPPAnnouncement

01/05/2018 09:00

2018-05-01T08:00:06.211Zreuters.comtag:reuters.com,2018-05-01:newsml_RSA7048Ma:13TXT
This file is provided for EAP sample purposes only; it's structure and detail are subject to change, and should not be used as a definitive reference for actual development and processing.2018-05-01T08:00:06.211Z2018-05-01T08:00:06.211Z_UCDP:parsn_lse_10.54.132.131_1.2.37102:2019-06-01T08:00:06.211Z3RSA7048MaREG - WPP PLC  - WPP - full ownership of agencies in Asia PacificAdvertising & Marketing (NEC) (TRBC level 5)Consumer Cyclicals (TRBC level 1)Media & Publishing (TRBC level 3)LEGACY: Cyclical Consumer Goods & Services (TRBC)Cyclical Consumer Services (TRBC level 2)LEGACY: Media & Publishing (TRBC)Advertising & Marketing (TRBC level 4)Western EuropeUnited KingdomEuropeTechnology / Media / TelecomsSuggested SourcesConsumer Products and ServicesConsumer ServicesServicesNews AnnouncementsRegulatory Corporate News AnnouncementsCompany NewsEurope daily earnings hits & missesWPP PLC








RNS Number : 7048M
WPP PLC
01 May 2018
 





FOR IMMEDIATE RELEASE


1 May 2018




 
 
WPP PLC ("WPP")
 
 
WPP acquires full ownership of Y&R and Wunderman joint venture agencies in Southeast Asia and Taiwan, and Dentsu Sudler & Hennessey in Japan, pursuant to share swap
 
 
WPP has acquired full ownership of Y&R and Wunderman joint venture agency assets across Southeast Asia and Taiwan, and Dentsu Sudler & Hennessey in Japan, following a share swap transaction with Dentsu Inc.
 
Southeast Asia is home to many of the world's most dynamic economies. This transaction marks WPP's continued commitment to expanding in key growth markets and supporting clients through a strong pan-Asian network offering.
 
The transaction includes Y&R in Malaysia, Singapore, Thailand and Vietnam; Wunderman in Taiwan and Thailand; and Dentsu Sudler & Hennessey (to be rebranded as Sudler) in Japan.
 
Collectively WPP companies across Asia Pacific generate revenues of almost US$4.8 billion including associates and employ more than 53,000 people.
 
 
 
Contact:




Juliana Yeh, WPP
 


+852 22803790
 














 
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