WPP takes majority stake in GroupM and JWT businesses in Russia

wppWPP is to take an 80% majority stake in the WVI Group of companies, the joint venture holding company for a number of WPP brands in Russia, including media investment management businesses Maxus, MEC, MediaCom, Mindshare, GroupM and the global marketing communications company JWT. The deal is subject to regulatory approval. An agreement has also been reached to purchase the remaining 20% stake in 2016.

UK, London & Russia, Moscow

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