JCDecaux has sold 25% of Russ Outdoor

JCDecaux has sold 25% of Russ OutdoorParis, July 14 th, 2020– JCDecaux SA (Euronext Paris: DEC), the number one outdoor advertising company worldwide, announced the sale of its 25% minority stake held by its subsidiary JCDecaux CEE, in ROOH B.V., the holding company of Russ Outdoor activities in Russia to Stinn, current main shareholder of ROOH B.V.After the exit of the minority shareholders of ROOH B.V. last October and given the uncertainty surrounding the consolidation of the...

Neuilly sur Seine, 14/07/2020 (informazione.news - comunicati stampa - editoria e media)

JCDecaux has sold 25% of Russ Outdoor

Paris, July 14 , 2020 – JCDecaux SA (Euronext Paris: DEC), the number one outdoor advertising company worldwide, announced the sale of its 25% minority stake held by its subsidiary JCDecaux CEE, in ROOH B.V., the holding company of Russ Outdoor activities in Russia to Stinn, current main shareholder of ROOH B.V.

After the exit of the minority shareholders of ROOH B.V. last October and given the uncertainty surrounding the consolidation of the Russian's OOH media market post‑Covid‑19, JCDecaux had the opportunity to exit at a price of RUB2.56bn, c. €32m (11.2x 2018 EBITDA multiple).

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Corporate Communications : Agathe Albertini
+33 (0) 1 30 79 34 99 – agathe.albertini@jcdecaux.com

Investor Relations: Arnaud Courtial
+33 (0) 1 30 79 79 93 – arnaud.courtial@jcdecaux.com

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