Interpublic owns 35.4 percent of the Lowe Group, not 29 percent.

Both had a stake in the agency before Interpublic swapped its interest last year for a greater percentage of the Lowe Group.

Mullen agreed last week to sell a majority stake to Lowe Group.

"I'm very pleased the negotiations have finally come to an end," Frank Lowe, chairman of the Lowe Group, said.

Braun, the maker of personal care products and appliances, consolidated its global creative account at the Lowe Group in London, without a review.

He confirmed rumors that a leading contender is Andrew Langer, chief executive of the Lowe Group.

As part of that deal, Interpublic retained 29 percent of the Lowe Group.

Last year, the Lowe Group of Britian acquired the agency.

As part of the deal, Interpublic retained a 29 percent interest in the Lowe Group.

The Lowe Group, for example, found itself unable to realize its vision of becoming an international advertising empire, unable to raise enough money for acquisitions.