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DENTSU subsidiary to acquire majority stake in NBS


Wednesday, 30 Apr 2014 10:00pm EDT 

DENTSU INC:Says Dentsu Aegis Network Ltd. will acquire a 70 pct stake in PPR Profissionais de Publicidade Reunidos S/A, the official name of the Brazilian NBS advertising agency, and to hold put and call options that allow acquisition of part or all of the remaining equity at a later date.Says it will take around four to six weeks to obtain competition approval from the relevant authorities in Brazil.Transaction price was not disclosed. 

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