JCDecaux to Sell Additional Stake in APG|SGA to NZZ
Outdoor advertising company JCDecaux SE has signed an agreement to sell a further portion of its stake in APG|SGA to NZZ. The transaction is expected to generate approximately CHF 71 million for JCDecaux.
JCDecaux SE, a global leader in outdoor advertising, announced on December 11, 2025, that it has entered into a share purchase agreement with NZZ to sell an additional 325,519 shares in APG|SGA. This block of shares represents 10.85% of APG|SGA's share capital.
Upon completion of this sale, JCDecaux's remaining stake in APG|SGA will be reduced to approximately 5.6%. The transaction is anticipated to yield cash proceeds of approximately CHF 71 million (around EUR 76 million) for JCDecaux, before transaction costs.
This sale follows a previous divestment where JCDecaux sold approximately 13.56% of APG|SGA's share capital to NZZ on May 29, 2024. The current transaction is subject to various conditions, including approval at APG|SGA's Annual General Meeting in spring 2026. A crucial condition is the approval of a selective opting-up clause in APG|SGA's articles of association, which aims to prevent the share purchase from triggering a mandatory offer from NZZ to other shareholders.
JCDecaux operates as the number one out-of-home media company worldwide, reaching an estimated 850 million people daily across more than 80 countries. The company operates in 3,894 cities and is listed on Euronext Paris.