Aegis acquires another Russian ad agency
Aegis, the FTSE 250 media marketing agency, has acquired Ad O'clock, a Russian media agency based in Moscow.
Aegis, the FTSE 250 media marketing agency, has acquired Ad O'clock, a Russian media agency based in Moscow.
Ad O'clock, which had gross assets of €3m at the end of 2010, has a strong core of locally based clients that include a number of state-owned companies and international clients, the statement from Aegis said.
Chief Executive of Aegis Jerry Buhlmann said: "Ad O'clock is our second significant Russian acquisition this year - it is a substantial player in a fast-growing advertising market.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"As a full service media brand Ad O'clock strengthens our participation in the buoyant Russian market, injecting further impetus into our strategy of broadening our service offering, particularly in faster growing regions."
The share price rose 0.07% to 139.3p by 09:16.
NR
-
Hargreaves Lansdown shakes up fees in biggest change in 10 years – what does it mean for you?Hargreaves Lansdown is lowering its headline fee from 0.45% to 0.35% – but not everyone will be happy with the new fee structure, it’s been suggested.
-
Michael Moritz: The richest Welshman to walk the EarthMichael Moritz started out as a journalist before catching the eye of a Silicon Valley titan. He finds Donald Trump to be “an absurd buffoon”
