Ogilvy acquires majority stake in Vietnam firm

LONDON: Ogilvy acquired majority stake in Hanoi-based T&A Communications, holding company WPP announced today.

LONDON: Ogilvy acquired a majority stake in Hanoi-based T&A Communications, holding company WPP announced today. The firm, which employs 57 people, had unaudited revenues of VND 25.8 billion (approximately $1.4 million) in 2008. "This investment continues WPP's strategy of developing its networks in fast growing markets and sectors," the company said in a statement.

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