Brief: Jcdecaux Sells Part Of Its Stake In APG|SGA To Nzz

Jcdecaux SE

30/05/2024 05:34

May 30 (Reuters) - JCDecaux SE  JCDX.PA :
    * SELLS PART OF ITS STAKE IN APG|SGA TO NZZ
    * JCDECAUX SE WILL SELL 13.56% OF APGISGA TO NZZ FOR CHF 220
PER
SHARE
    * POST-TRANSACTION, NZZ WILL HOLD A 25% STAKE IN APGISGA,
MAKING
IT LARGEST SHAREHOLDER
    * DEAL WILL GENERATE CASH PROCEEDS FOR JCDECAUX SE OF CHF
89.6
MILLION, I.E. C. EUR 90.3 MILLION BEFORE TRANSACTION COSTS
    * WILL RETAIN 16.44% STAKE

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

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