Aegis Group PLC
28 April 2005
28 April 2005
For Immediate Release
Aegis Group plc
AEGIS TO ACQUIRE TURKISH MEDIA AGENCY - MEDYATURK
Aegis Group plc ("Aegis" or "Group") - the media communications and market
research group - announced today that it has signed an agreement to acquire 100%
of the equity of the Turkish media planning & buying agency Medyaturk subject to
local regulatory approval. It is expected that the regulatory approval will be
received before the end of June 2005. On completion Medyaturk will become part
of Aegis Media's network in Turkey.
The purchase price will be composed of a total consideration of up to
€11,608,000 payable over three years and subject to rigorous performance
Robert Lerwill, CEO of Aegis Group plc said:
"The acquisition of Medyaturk will transform Aegis Media's position in Turkey
where our combined resources will now rank us amongst the top three media
agencies. Not only will this enhance the service we can provide to our
international clients but access to the global network will also open up a whole
realm of new possibilities for Medyaturk's clients too. I am extremely
impressed by Medyaturk's team and welcome them as a valuable part of the Aegis
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For further information contact:
Aegis Group plc (44) 20 7070 7700
Financial Dynamics (44) 20 7831 3113
Notes to Editors:
About Aegis Group plc.
Aegis Group plc is the holding company for Aegis Media - which includes Carat,
Isobar, Vizeum, & Posterscope - and Synovate, its market research business.
These two operating groups provide clients with a range of services across,
media communication services, marketing consultancy and market research.
Listed on the London Stock Exchange it operates in over 60 countries.
Please visit: www.aegisplc.com.
This information is provided by RNS
The company news service from the London Stock Exchange