New Zealand approves acquisition of APN by JCDecaux


JCDecaux SA said that the New Zealand Overseas Investment Office (OIO) has provided consent under the Overseas Investment Act 2005 to JCDecaux’s acquisition of APN Outdoor Group Limited, by way of 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, 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.