JCDecaux acquires strategic stake in Wall AG
- Paris
JCDecaux SA (JCDecaux, Euronext Paris: DEC), the world leader in street furniture and the largest outdoor advertising group in Europe, announced today that it has acquired a strategic 11.1% interest in Wall AG.
Wall AG is a leading German street furniture company, based in Berlin, which in 2000 had revenues of €63 million. Wall AG provides high quality street furniture and related advertising in major cities including Berlin, Boston, Dusseldorf, Amsterdam, Moscow, and Istanbul and is controlled by its founder Hans Wall and his son Daniel Wall.
Commenting on the strategic stake, Jean-François Decaux, Chairman and Co-CEO of JCDecaux, said:
“As a family controlled company we have a strong affinity and unique track record in working with other family companies in the outdoor advertising market. JCDecaux’s strong European presence, particularly in Germany and Holland, complements Wall’s activities in those two countries which provide over 80% of its revenues. We believe that JCDecaux is the right long-term partner for Wall as it seeks to develop its outdoor business and we hope to have the opportunity of working with the company.”