JCDecaux completes transaction to increase stake in Wall AG to 35%.Regulatory approval received from German competition authorities.

JCDecaux SA (Euronext Paris : DEC), the number one outdoor advertising company in Europe and one of the largest in the world, announced today that it has completed its transaction with Wall AG. JCDecaux has received regulatory approval from the German competition authorities to acquire Clear Channel’s 20% stake in the outdoor advertising company Wall. The transaction increases JCDecaux’s holding in Wall to 35%, with the Wall family retaining 65%. In addition, JCDecaux has acquired a 50% holding in Wall US, which holds the 20-year street furniture advertising contract for the city of Boston.

Wall AG is a well-established outdoor advertising group, formed in 1976. With annual revenues of €86 million, the Company holds long-term street furniture contracts with 20 German cities including Berlin, Dusseldorf and Dortmund as well as with the major cities of Moscow, St Petersburg, Istanbul and Boston.