JCDecaux becomes majority shareholder of Wall AG
15 September 2009 18 h 29 min2 Comments
JCDecaux S.A., the number one outdoor advertising company in Europe and Asia-Pacific and the number two worldwide, has become the majority shareholder of the Berlin-based outdoor advertising company Wall AG. With the purchase of the shares formerly held by the company’s founder Hans Wall JCDecaux increased its holding in Wall AG to 90.1% (vs 40% before this operation). Daniel Wall, currently holding 9.9% in Wall AG, will continue to be the Chief Executive Officer.
The transaction requires the regulatory approval of the German competition authority.
In 2008 Wall reported total revenues of € 114.7 million with nearly 62.000 advertising panels (including some interactive and digital formats). Wall AG is the number two outdoor advertising company in Germany and Turkey, with long term advertising contracts in cities such as Berlin, Duesseldorf, Dortmund, Muenster and Istanbul.
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