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WPP Takes 30% Stake In Davos Organiser Richard Attias & Associates

Tue, 17th Dec 2013 08:55


LONDON (Alliance News) - WPP PLC said Tuesday that it was taking a 30% stake in New York-based strategic consultants Richard Attias & Associates.

"Out ambition is to create, together with Richard, a world champion in the field of strategic communication, international conferences and global action orientates events," said Chief Executive Officer Martin Sorrell in a statement, referring to founder chairman Richard Attias.

Richard Attias has 50 employees worldwide and revenues of more than USD35 million, WPP said. It is known for leading events such as the World Economic Forum in Davos and the New York Forum, among other high-profile economic and business summits.

The advertising giant provided no financial details of the transaction.

Shares in WPP were trading down 10.00 pence Tuesday at 1,309.00 pence.

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

Copyright 2013 Alliance News Limited. All Rights Reserved.

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