Paris, 17 May 2012 – JCDecaux SA (Euronext Paris: DEC), the world’s number one outdoor advertising company, confirmed today that The Office of Fair Trading (OFT), the UK competition Authority, has announced that it has closed its investigation into contracts entered into by each of the two main street furniture operators with local authorities in the UK relating to advertising on street furniture such as bus shelters and information panels.
In this context, the OFT has made no finding of any infringement of the Competition Act 1998.
JCDecaux SA welcomes this decision as it brings to an end a long running investigation conducted by the OFT during which our subsidiary JCDecaux UK worked constructively with the UK regulator. Throughout the process JCDecaux stressed that it had entered the market 20 years ago when only one company operated in this segment and has grown its business organically since then through public tender.