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Europe Daily Bulletin No. 8513

29 July 2003
Contents Publication in full By article 26 / 30
GENERAL NEWS / (eu) eu/competition
Green light to acquisition of Cordiant by WPP

Brussels, 28/07/2003 (Agence Europe) - The European Commission has authorised British communications group WPP to acquire exclusive control of Cordiant Communications Group, also a British company. With a net loss of 233.6 million pounds sterling and a gross margin of 532.7 million in 2002, Cordiant was in financial difficulties. The operation, which takes the form of a take-over bid, concerns commercial communication services, which covers a range of activities such as advertising,...

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THE DAY IN POLITICS
GENERAL NEWS
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