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Home » OOH News » JCDecaux to acquire APN Outdoor Group

JCDecaux to acquire APN Outdoor Group

By M4G Bureau - June 26, 2018

The takeover offer is subject to APN shareholder and Australian regulatory approval and expected to be completed by end-2018

JCDecaux has reportedly agreed to acquire Australia’s APN Outdoor Group for $830m in a move that would give the international advertiser a larger footprint in Australia and New Zealand.

The takeover offer was subject to APN shareholder and Australian regulatory approval and expected to be completed before the end of 2018. Jean-François Decaux, co-chief executive of JCDecaux has said in a media statement that APN Outdoor is complementary to the global OOH major’s existing street furniture assets and through this acquisition, JCDecaux will be attractively positioned to provide a compelling proposition to compete more effectively in the Australian media market.

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