Acquisitive advertising conglomerate WPP has clocked up its fifth acquisition of 2012 after purchasing a further 25.1% stake in communications firm PBN Company.
WPP originally acquired a 49.9% stake in PBN in 2007 through its wholly-owned operating company, Hill+Knowlton Strategies. . PBN will combine with Hill+Knowlton Strategies to operate in Russia, Ukraine, Kazakhstan and throughout the eastern European Commonwealth of Independent States (CIS) under the brand name PBN Hill+Knowlton Strategies.
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