JCDecaux receives regulatory approval from German competition authorities to increase stake in Wall AG to majority shareholding of 90.1%
16 December 2009 18 h 53 min2 Comments
JCDecaux SA announced today that it will be able to complete its transaction with Wall AG to become its majority shareholder. JCDecaux received regulatory approval from the German competition authorities to acquire founder Hans Wall and family’s 50.1% stake in Wall AG.
The transaction increases JCDecaux’s holding in Wall AG to 90.1%, with Daniel Wall retaining 9.9% and remaining CEO of the Group Wall.
Categories : Acquisition, Ad-sales, Germany
[...] JCDecaux already bought earlier this month certain assets of Titan Outdoor UK and became, in december 2009, the majority shareholder of German company Wall. [...]
[...] He reiterated the main points communicated by the group in recent weeks – that even if 2009 had been the most difficult for JCDecaux since its creation, the group has emerged stronger than before, thanks to its aggressive strategy in the developing countries and its external growth activities in Europe. The group is now N° 1 in the UK (through the purchase of certain assets of Titan UK) and N°2 in Germany (through a majority stake in Wall) [...]