WPP PLC : WPP to Buy i&e SAS in France for Undisclosed Sum
06/25/2012| 04:37am US/Eastern
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LONDON--Advertising firm WPP PLC (WPP.LN) said Monday that Burson-Marsteller, its wholly-owned global public relations and public affairs firm, has agreed to buy communications consultancy, i&e SAS in France for an undisclosed sum.
MAIN FACTS:
-Paris-based i&e specializes in reputation management, brand marketing and change management.
-i&e's unaudited revenues for the year ended Dec. 31, were 13 million euros with gross assets of EUR5 million at the same date.
-Shares at 0820 GMT down 8 pence, or 0.98%, at 755.5 pence valuing the company at 9.61 billion pounds.
-Write to Ian Walker at ian.walker@dowjones.com
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