Acquisition time for WPP...again
It will come of little surprise that global advertising giant WPP has made yet another aquisition, this time of a minority interest in Dubai-based firm GME.
It will come of little surprise that global advertising giant WPP has made yet another aquisition, this time of a minority interest in Dubai-based firm GME.
GME is a consultancy services business that employs 16 people with clients that include Samsung and Heineken.
It's revenues for the year ended December 31st were around 9.5m Arab Emirates dirham (£1.6m), with gross assets at the same date of AED 2.6m (£0.4m).
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"This acquisition continues WPP's strategy of investing in important sectors and its commitment to developing its businesses in the important and fast-growing Middle East markets," the firm said.
NR
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