1 May 2018 09:00
FOR IMMEDIATE RELEASE | 1 May 2018 |
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WPP PLC ("WPP")
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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
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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.
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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.
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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.
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Collectively WPP companies across Asia Pacific generate revenues of almost US$4.8 billion including associates and employ more than 53,000 people.
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Contact:
Juliana Yeh, WPP Â | +852 22803790 Â |
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