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Waggener Edstrom doubles stake in Australian comms agency

Apr 14, 2016

October 31, 2014 by Anna Reynolds, Be the first to comment Waggener Edstrom (WE) has increased its equity share in Australian comms agency Buchan, as the agency embarks on a global growth plan. News Chris Talago: Waggener Edstrom GM, EMEA WE has taken its stake up to 42.5 per cent after making a 20 per cent investment three years ago. The move comes after the hire of ex-Grayling CEO Michael Murphy last month , who has taken up the role of senior global adviser. Chris Talago, general manager EMEA, also told PRWeek: "We are looking at a range of growth options across EMEA including full and minority acquisitions to gain wider access into emerging markets and new clients. "  WE also has a minority stake in Korean IT and consumer agency Shout Communications. Meanwhile the agency's London office, which was hit by five senior departures in July, is set to announce a replacement for GM Cairbre Sugrue soon. WE is not looking to replace Nick Meir and Simon Cliffe, who led the agency's broadcast team, and will instead use partners on a freelance basis.

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