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Share Price Information for WPP (WPP)

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Share Price: 821.20
Bid: 821.00
Ask: 821.40
Change: 13.00 (1.61%)
Spread: 0.40 (0.049%)
Open: 801.40
High: 821.20
Low: 796.00
Prev. Close: 808.20
WPP Live PriceLast checked at -

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WPP increases foothold in Africa

Fri, 09th Dec 2016 09:24

(ShareCast News) - WPP said its operating company Burson-Marsteller has acquired a stake in its Kenyan affiliate, Engage Burson-Marsteller. Headquartered in Nairobi, Engage Burson-Marsteller has grown rapidly since Burson-Marsteller helped to establish it in 2013, to employing around 20 people and having Clients like Nestlé, MultiChoice, Samsung and CNN.The acquisition further strengthens Burson-Marsteller's network of partners in Africa and continues WPP's strategy of investing in important markets and sectors, the company said.In Kenya, WPP's companies generate revenues of almost $50m and employ almost 1500 people. Across the continent, the group collectively generates revenues of over $600m and employs almost 35,000 people.WPP's public relations and public affairs companies collectively generate revenues of over $1.6bn and employ almost 10,000 people worldwide.The share price rose 1.22% to 1,744p at 1223 GMT on Friday.
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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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