Sept. 14 (Bloomberg) -- WPP Plc, the world’s biggest advertising agency, is seeking Turkey’s antitrust approval through one of its units to buy stakes in advertising agencies in the country.
Russell Square Holding BV, a unit of WPP, applied to the Ankara-based regulator to buy 60 percent of Manajans-Thompson Reklam Isleri AS, 3 percent of JWT Istanbul Reklam Isleri AS and 0.01 percent of Mindshare Medya Hizmetleri AS, the regulator said on its website.
Martin Sorrell, chief executive officer of Dublin-based WPP, has been acquiring digital advertising assets and companies in developing markets such as China and Brazil, offsetting slower growth in markets hit by the European debt crisis.
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