Group Press Releases
Acquisition in South America, Argentina
07 March 2000
Aegis Group plc today announces that, subject to final documentation, it has agreed to acquire the remaining 49% of the capital stock of Carat Fax, its media agency based in Buenos Aires, Argentina.
The consideration is $13.5m, which is payable on closing in cash.
Carat Fax has performed in line with initial expectations and Aegis Group plc intends to further expand into Latin America in accordance with strategic objectives.
For further information please contact:
Douglas Flynn, Chief Executive
Colin Day, Finance Director
Aegis Group plc
Tel: +44 (0)20 7470 5000
Tim Spratt / Charles Palmer
Financial Dynamics
Tel: +44 (0)20 7831 3113
