Havas acquires majority stake in Australian agency Host

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Paris—Havas Worldwide, Paris, has signed an agreement to acquire 51% of Host, an independent ad agency based in Sydney. Financial terms were undisclosed. Once the acquisition is complete, Host will continue to operate under its own name and with its current management. The acquisition will expand the Havas Worldwide network in Australia and is designed to improve its operations in Asia-Pacific, according to the agency.
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