JCDecaux: partial sale of shares in APG|SGA
The French group will sell 13.56% of APGISGA for 220 Swiss francs per share, generating a payment of 89.6 million Swiss francs, or around 90.3 million euros before transaction costs.
Following the transaction, NZZ will hold a 25% stake in APGISGA, making it the largest shareholder, while JCDecaux will now hold 16.44% and Pargesa Asset Management 13.86%.
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