WPP’s Possible Worldwide acquires stake in Grape (Russia)

WPP announces that its wholly-owned operating network Possible Worldwide, the global interactive marketing agency, part of WPP Digital, has agreed to acquire a majority stake in Grape LLC in Russia (“Grape”).

Founded in 2002 by Andrey Vinograd and Boris Ryss and headed by CEO Andrei Anischenko, Grape is a Moscow-based digital marketing services agency with a focus on website and social media strategies. The agency employs 124 people and major clients include Henkel, JTI, MTS and SABMiller.

Grape’s consolidated unaudited revenues for the year ended 31 December 2011 were approximately RUB 425 million with gross assets as at the same date of approximately RUB 216 million.

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