Spanish shop buys out McCann; seeks multinational partner

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MADRID - McCann-Erickson Worldwide has sold 40% of its shares in a one-year-old Spanish shop, El Sindicato, to local existing shareholders Julio Wallovits and Jose Maria Piera and book editor Jose Manuel Lara. The local agency is seeking to form an association with an international network.

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Copyright December 2000, Crain Communications Inc.

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