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Dentsu Announces Agreement to Acquire A Majority Stake in Fifty Four Media in Kazakhstan - Fifty Four Media, A Media Buying and Planning Group in Kazakhstan - Dentsu.co.jp
Dentsu Announces Agreement to Acquire A Majority Stake in Fifty Four Media in Kazakhstan

 

PRZOOM - /newswire/ - Tokyo, Japan, 2014/05/14 - Fifty Four Media, A Media Buying and Planning Group in Kazakhstan - Dentsu.co.jp. Tokyo: 4324

   
 
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Dentsu, Inc. (President & CEO: Tadashi Ishii; Head Office: Tokyo; Capital: 74,609.81 million yen) announced today that its global business headquarters Dentsu Aegis Network Ltd. has reached an agreement with the principal shareholders of advertising agency group Fifty Four Media LLP (Head Office: Almaty, Republic of Kazakhstan) to acquire a 51% stake in the company, with an option in place that would allow expansion in steps to 100% at a later date. It is estimated that it will take around two to three months to obtain competition law approval from the relevant authorities in Kazakhstan.

Founded in 2011 as a holding company for the three agencies Ex-TV Media Central Asia LLP (media buying agency), TFF-Central Asia LLP (media planning and client servicing agency, hereinafter “TFF”) and Quattro Media Advertising LLP (media planning and client servicing agency, hereinafter “Quattro”), Fifty Four Media currently holds around a 13% share of the media market, including digital media and OOH, and has rapidly grown to become the largest independent agency in the country.

The Dentsu Group (dentsu.co.jp) has to date been providing media services to client companies in Kazakhstan through TFF in affiliation with its media communications agency Carat as well as through Quattro in affiliation with its media buying agency Vizeum. The acquisition of Fifty Four Media will accelerate the Group’s growth strategy in rapidly growing Kazakhstan and other countries in the CIS region.

The impact of this transaction on Dentsu’s consolidated financial results for the fiscal year ending March 31, 2015 is expected to be minimal.

Profile of Fifty Four Media
Company Name: Fifty Four Media LLP
Location: Almaty, Republic of Kazakhstan
Date of Establishment: November 2011
Shareholding Ratio*: Dentsu Aegis Network 51%, Fifty Four Media management 49%•After acquisition has been completed
Gross Profit: GBP 5,243, 000 (year ended December 2013)
Representative: Alexander Varenitsin (Managing Director)
Number of Employees: 47
Line of Business: Holding company for three media buying and planning agencies

 
 
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Dentsu Announces Agreement to Acquire A Majority Stake in Fifty Four Media in Kazakhstan

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Dentsu, Inc. | Fifty Four Media
Contact: Shusaku Kannan - Dentsu.co.jp 
+81 3-6216-8042 s.kannan[.]dentsu.co.jp
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Dentsu securities in any jurisdiction including any other companies listed or named in this release.

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