(MENAFNEditorial) Update on JCDecaux's proposed acquisition of APN Outdoor in Australia
Paris, September 26th, 2018 - JCDecaux SA (Euronext Paris: DEC), the number one outdoor advertising company worldwide, informs that the Australian Foreign Investment Review Board (FIRB) has provided written notice that the Commonwealth of Australia has no objection to JCDecaux's acquisition of APN Outdoor Group Limited (APN Outdoor), by way of a scheme of arrangement (the Scheme).
The implementation of the Scheme remains subject to a number of conditions, including approval of APN Outdoor shareholders at the Scheme Meeting proposed to be held on October 15th, 2018, court approval, the New Zealand Overseas Investment Office approval, and the satisfaction or, where capable, waiver of certain other customary conditions as outlined in the Scheme Implementation Agreement lodged with the Australian Securities Exchange on June 26th, 2018.
Key Figures for JCDecaux
2017 revenue: €3,493m*, H1 2018 revenue: €1,643m JCDecaux is listed on the Eurolist of Euronext Paris and is part of the Euronext 100 and Euronext Family Business indexes JCDecaux is part of the FTSE4Good index N°1 worldwide in street furniture (543,050 advertising panels) N°1 worldwide in transport advertising with more than 215 airports and 250 contracts in metros, buses, trains and tramways (356,320 advertising panels) N°1 in Europe for billboards (141,630 advertising panels) N°1 in outdoor advertising in Europe (672,220 advertising panels) N°1 in outdoor advertising in Asia-Pacific (216,290 advertising panels) N°1 in outdoor advertising in Latin America (77,190 advertising panels) N°1 in outdoor advertising in Africa (26,770 advertising panels) N°1 in outdoor advertising in the Middle-East (18,650 advertising panels) Leader in self-service bike rental scheme: pioneer in eco-friendly mobility 1,074,113 advertising panels in more than 80 countries Present in 4,033 cities with more than 10,000 inhabitants 13,040 employees * Restated from the retrospective application of IFRS 15, applicable from January 1st, 2018
JCDecaux
Communication Department: Agathe Albertini
+33 (0) 1 30 79 34 99 -
Investor Relations: Arnaud Courtial
+33 (0) 1 30 79 79 93 -
Domestique Consulting: Lauren Thompson
+61 2-9119-3078 -
Attachment
26-09-18 # Update on JCDecaux's proposed acquisition of APN Outdoor.pdf MENAFN2609201800703653ID1097489658
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