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; email@example.com; @HanaSSAllNews
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.