Australian court okays acquisition of APN Outdoor by JCDecaux

Australian court okays acquisition of APN Outdoor by JCDecaux

JCDecaux SA has announced that the Federal Court of Australia has approved the scheme of arrangement in relation to the APN Outdoor transaction.

APN Outdoor has confirmed that an office copy of the Court orders has been lodged with ASIC pursuant to section 411(10) of the Corporations Act 2001 (Cth) and accordingly the Scheme is now legally effective.

APN Outdoor shares have ceased trading on the Australian Securities Exchange at the close of trade on October 18th, 2018.