Hill & Knowlton may acquire India’s Perfect Relations
Sir Martin Sorrell-led WPP subsidiary Hill & Knowlton is understood to be acquiring image and public affairs consultancy Perfect Relations, reports The Economic Times.
WPP’s Burson-Marsteller acquired Genesis PR in December 2005.
IPAN and Ogilvy PR are also controlled by WPP in India.
According to The Economic Times, Perfect Relations “has been in talks with several global potential buyers for some time now. When contacted Perfect Relations’ promoter & CEO, Bobby Kewalramani denied any such deal has been signed.”
“All the leading PR groups of the world have been chasing us and we are in talks with a few companies, but nothing has consummated so far,” he told ET. However, industry sources confirm the deal is through and the announcement will be made in a few weeks from now.
Perfect Relations had short-listed some four buyers, and has been in serious talks with them for the last few months. The New York-headquartered, Hill & Knowlton has been the front-runner in the race.
WPP’s Burson-Marsteller acquired Genesis PR in December 2005.
IPAN and Ogilvy PR are also controlled by WPP in India.
According to The Economic Times, Perfect Relations “has been in talks with several global potential buyers for some time now. When contacted Perfect Relations’ promoter & CEO, Bobby Kewalramani denied any such deal has been signed.”
“All the leading PR groups of the world have been chasing us and we are in talks with a few companies, but nothing has consummated so far,” he told ET. However, industry sources confirm the deal is through and the announcement will be made in a few weeks from now.
Perfect Relations had short-listed some four buyers, and has been in serious talks with them for the last few months. The New York-headquartered, Hill & Knowlton has been the front-runner in the race.
posted by J S Sai at 7:01 AM
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Dear Sir,
I've been reading your blogs regularly now and I must they they are very informative and help in updating my knowledge as a IR professional working at Adfactors PR.
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