WPP announces that its wholly-owned operating company Ogilvy & Mather, the global marketing communications group, has acquired a minority stake in Communication Group, A.S., the holding company for the Istropolitana group of companies, in the Slovak Republic (“Istropolitana”).
Founded in 1992 and headquartered in Bratislava, Istropolitana is a full service advertising agency comprising a number of separate businesses. The group employs 95 people and major clients include Heineken, Slovak Telecom and VUB Banka.
Istropolitana’s consolidated unaudited revenues for the year ended 31 December 2011 were €4.509 million, with gross assets of €3.672 million.
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