PARIS: JCDecaux SE, the number one outdoor advertising company worldwide, confirms that it has entered into an agreement with Pargesa Asset Management S.A., to evaluate an intended coordinated disposal of their stakes in APG|SGA of 30% and 25.3% respectively, following the announcement today of APG|SGA that its Board of Directors has decided to initiate a process which aims at finding a potential acquirer for the entire company.Â
In case a third party makes an attractive offer, JCDecaux SE will consider selling its shares in light of its capital allocation plans into other growth opportunities around the world. For the avoidance of any doubt, JCDecaux SE has no intention of increasing its stake in the APG|SGA as indicated on several occasions in the past.
The shares of APG|SGA are listed on the SIX Swiss Exchange.
JCDecaux acquires Pisoni, a street furniture & outdoor advertising company