JCDecaux to Reduce Stake in APG|SGA to 5.6%
JCDecaux SE has signed an agreement to sell an additional 10.85% of its stake in APG|SGA to NZZ, according to the company's statement.
Details of the Share Sale Agreement
According to the statement, on December 11, 2025, JCDecaux SE finalized a share purchase agreement with NZZ, in which JCDecaux SE will transfer an additional 325,519 shares of APG|SGA. This transaction represents 10.85% of the share capital of APG|SGA. Following this sale, JCDecaux SE's stake in APG|SGA will decrease to approximately 5.6%. The completion of this transaction is scheduled after the APG|SGA annual general meeting in the spring of 2026, subject to certain conditions, including the addition of a clause in the company's statutes to prevent a mandatory offer from NZZ for all APG|SGA shares.
Financial Impact of the Transaction
The sale of the shares is expected to generate a payment of 71 million Swiss francs for JCDecaux SE, equivalent to about 76 million euros, according to the exchange rates mentioned in the statement (EUR/CHF of 0.9328 on December 11, 2025).
JCDecaux SE Company Profile
JCDecaux SE is a leading company in the outdoor communication sector, serving a daily audience of 850 million people in more than 80 countries. It has 1,091,811 advertising faces worldwide and is listed on the Eurolist of Euronext Paris, being part of the SBF 120 and CAC Mid 60 indices. JCDecaux has a strong commitment to sustainability, with its carbon reduction path validated by SBTi. It has joined the Euronext Paris CAC SBT 1.5° index and is recognized in various extra-financial performance rankings, such as CDP (List A), MSCI (AAA), Sustainalytics (11.9), and EcoVadis (Gold).
