Update On @JCDecauxGlobal’s @APNOutdoorAU Acquisition

Tristan Cotterill

The Australian Foreign Investment Review Board has given written notice to JCDecaux SA (Euronext Paris: DEC) that the Commonwealth of Australia has no objection to its acquisition of APN Outdoor Group Limited. announced back in June 2018, 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 15, 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.

It looks like it is all on track though.

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