Acquisitive advertising conglomerate WPP has acquired a stake in Istropolitana Group, a full service advertising agency group in the Slovak Republic.
Founded in 1992 and head-quartered 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 2011 were EUR4.51m, with gross assets of EUR3.67m.
The size of WPP’s stake and the price it paid for it have not been disclosed.