August 22, 2018 / 11:53 PM / a month ago

Australia's competition watchdog okays JCDecaux-APN, Ooh!Media-Adshel deals

(Reuters) - The Australian Competition and Consumer Commission on Thursday cleared the proposed acquisition of APN Outdoor (APO.AX) by JCDecaux SA (JCDX.PA), as well as Ooh!Media’s (OML.AX) purcahse of HT&E Ltd’s (HT1.AX) bus stop advertising business Adshel.

Australian advertiser Ooh!Media in June outbid rival suitor APN Outdoor for Adshel. APN had itself received a takeover offer from French advertiser JCDecaux.

Reporting by Devika Syamnath in Bengaluru; editing by Richard Pullin

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