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Updated Thursday, July 7, 2011 11:58 pm TWN, AFP

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UK marketing firm WPP says buys majority stake in Indian advertiser

LONDON, British marketing company WPP said Wednesday that its wholly-owned operating company JWT had agreed to buy a majority stake in Indian advertiser Mindset for an undisclosed sum.

“This investment continues WPP's strategy of developing its networks in fast-growing and important markets and sectors. India ... remains one of the fastest growth markets for the group,” WPP said in a statement.

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