Brief: JCDecaux Confirms Evaluating Opportunity To Sell Stake In APG|SGA

Jcdecaux SE

27/02/2024 06:34

Feb 27 (Reuters) - JCDecaux SE  JCDX.PA :
    * JCDECAUX SE CONFIRMS EVALUATING THE OPPORTUNITY TO SELL
ITS
STAKE IN APG|SGA
    * 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
    * 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 WORLD
    * FOR AVOIDANCE OF ANY DOUBT, JCDECAUX SE HAS NO INTENTION
OF
INCREASING ITS STAKE IN APG|SGA AS INDICATED ON SEVERAL
OCCASIONS IN PAST.
    * SHARES OF APG|SGA ARE LISTED ON SIX SWISS EXCHANGE

Source text for Eikon:  ID:nGNE7Wyq84 
Further company coverage:  JCDX.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))