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WPP acquires 30% in US consultancy Richard Attias & Associates
Tuesday 17 December 2013

17 December 2013 - UK communications services giant WPP Plc (LON:WPP) said today it had acquired a 30% interest in US strategic consultancy company Richard Attias & Associates (RAA) for an undisclosed sum.

RAA specialises in the organization of programmes, conferences and summits. The company is based in New York and has offices in Paris, London, Rabat and Dubai. Its annual sales exceed USD35m (EUR25.4m).

RAA has helped to organise events such as the World Economic Forum in Davos, Switzerland, and other regions, the Clinton Global Initiative and the Arab Strategy Forum in 2008. The company is seen to be handling 14 high-profile symposiums in 2014.

The transaction corresponds to WPP's plan to create a leader in strategic communication, international conferences and global action oriented events, the buyer's CEO, Martin Sorrell, said in a statement Tuesday. The collaboration between the two companies will also help RAA boost its presence in Europe and Asia.
Date Published: 17/12/2013
Target: Richard Attias & Associates
Country: USA
Sector: Business and Consumer Services
Type: Stakebuilding
Status: Closed
Buyer: WPP Plc