JCDecaux: update on APN Outdoor acquisition
(CercleFinance.com) - JCDecaux has announced that the Australian Foreign Investment Review Board has issued a written notice on the acquisition of APN Outdoor Group Limited (APN Outdoor).
The Commonwealth of Australia has no objection to the acquisition of APN Outdoor Group Limited (APN Outdoor) by JCDecaux, via a scheme of arrangement.
"The implementation of the Scheme remains subject to a number of conditions, including approval of APN Outdoor shareholders at the Scheme Meeting proposed to be held on October 15th, 2018, court approval, the New Zealand Overseas Investment Office approval, and the satisfaction or, where capable, waiver of certain other customary conditions as outlined in the Scheme Implementation Agreement lodged with the Australian Securities Exchange on June 26th, 2018," the company said.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The Commonwealth of Australia has no objection to the acquisition of APN Outdoor Group Limited (APN Outdoor) by JCDecaux, via a scheme of arrangement.
"The implementation of the Scheme remains subject to a number of conditions, including approval of APN Outdoor shareholders at the Scheme Meeting proposed to be held on October 15th, 2018, court approval, the New Zealand Overseas Investment Office approval, and the satisfaction or, where capable, waiver of certain other customary conditions as outlined in the Scheme Implementation Agreement lodged with the Australian Securities Exchange on June 26th, 2018," the company said.
Copyright (c) 2018 CercleFinance.com. All rights reserved.