September 25, 2018 / 11:52 PM / 3 months ago

JCDecaux's APN Outdoor buy gets foreign investment regulator's nod

Sept 26 (Reuters) - Billboard operator APN Outdoor Group said on Wednesday that the Australian Foreign Investment Review Board has approved its acquisition by French advertiser JCDecaux SA.

JCDecaux struck a deal to buy APN Outdoor in late June with a sweetened A$1.12 billion ($811.78 million) offer. The takeover passed a major hurdle in August when it was cleared by the Australian competition regulator.

The deal still needs to be approved by APN shareholders.

$1 = 1.3797 Australian dollars Reporting by Ambar Warrick in Bengaluru; editing by Richard Pullin

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below