WPP goes fruity with latest acquisition
WPP, which is not wholly adverse to the odd acquisition now and again, has announced that it is to acquire a majority stake in Russia-based digital marketing services agency, Grape.
WPP, which is not wholly adverse to the odd acquisition now and again, has announced that it is to acquire a majority stake in Russia-based digital marketing services agency, Grape.
Grape's major clients include Henkel, JTI, MTS and SABMiller. Its consolidated unaudited revenues for the year ended December 31st were around RUB 425m with gross assets as at the same date of around RUB 216m.
This investment, carried out through WPP's wholly-owned operating network Possible Worldwide, which forms part of WPP Digital, continues the advertising conglomerate's strategy of developing its services in fast-growing markets and sectors, and strengthening its capabilities in digital media.
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
The share price fell 1.33% to 777p.
NR
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
The UK cities where it’s cheaper to buy a house than rent
For people in some areas of the country, home ownership is a distant dream. But for others it can be surprisingly affordable.
-
Review: The Grill at the Dorchester
The Grill at the Dorchester has a new, easy-going atmosphere, but the food is serious: from punchy beef wellington to grown-up tarte tatin, says Dan McEvoy