JCDecaux as part of a consortium of investors to take Clear Media Limited private
05 Luglio 2021 - 05:40PM
JCDecaux as part of a consortium of investors to take Clear Media
Limited private
JCDecaux as part of a consortium of
investors to take Clear Media Limited
private
Paris, July
5th, 2021 –
JCDecaux SA (Euronext Paris: DEC), the number one outdoor
advertising company worldwide, announces that a consortium of
investors to which it is part of will, through the special purpose
vehicle (“Offeror”) wholly owned by the consortium, make a
voluntary conditional offer to take Clear Media Limited (“Clear
Media”), a company listed on the Hong Kong Stock Exchange,
private.
The consortium comprises Mr. Han Zi Jing, Chief
Executive Officer of Clear Media (“Mr. Han”) at 40%, Antfin (Hong
Kong) Holding Limited (“Antfin”) at 30%, JCDecaux Innovate (a
wholly owned subsidiary of JCDecaux SA) at 23% and China Wealth
Growth Fund III L.P. (“CWG Fund”) at 7%.
The Offeror currently owns approximately 88% of
Clear Media’s share capital.
The offer is conditional upon the satisfaction
or waiver of the conditions described in the offer announcement
jointly made by the Offeror and Clear Media today.
Aimia Inc. (Toronto Stock Exchange: AIM), who
owns approximately 11% of the issued share capital of Clear Media,
gave its irrevocable undertaking to tender its shares in favour of
the offer. Once Aimia tenders its shares for acceptance of the
offer, the offer will become unconditional as to acceptance.
Clear Media is the largest operator of bus
shelter advertising panels in the People’s Republic of China
(“PRC”), operating a total of more than 59,000 panels covering
24 cities as of December 31st, 2020.
JCDecaux started operating in Hong Kong in 1999,
Macau in 2001 and Mainland China in 2005, and is the leading
Out-of-Home Media company in Transport advertising (airports, metro
and bus) in the PRC.
Mr. Han Zi Jing is currently the Chief Executive
Officer and an Executive Director of Clear Media.
Antfin is a company incorporated in Hong Kong
with limited liability and an indirect wholly-owned subsidiary of
Ant Group Co., Ltd.
CWG Fund is an exempted limited partnership
registered under the laws of the Cayman Islands, whose general
partner is JT China Wealth Management Limited and whose sole
limited partner is Empyrean Management (Hong Kong) Limited, which
is in turn wholly-owned by JIC Capital Management (Tianjin)
Limited, a PRC state-owned enterprise, and is principally engaged
in private equity investment.
Goldman Sachs and Slaughter and May are acting
as JCDecaux’s financial and legal advisors respectively.
Key Figures for JCDecaux
- 2020 revenue: €2,312m
- Present in 3,670 cities with more
than 10,000 inhabitants
- A daily audience of more than 840
million people in more than 80 countries
- 10,230 employees
- Leader in self-service bike rental
scheme: pioneer in eco-friendly mobility
- 1st Out-of-Home Media company to
join the RE100 (committed to 100% renewable energy)
- JCDecaux is listed on the Eurolist
of Euronext Paris and is part of the Euronext 100 and Euronext
Family Business indexes
- JCDecaux is recognised for its
extra-financial performance in the FTSE4Good, MSCI and CDP (Climate
Change) rankings
- 964,760 advertising panels
worldwide
- N°1 worldwide in street furniture
(489,500 advertising panels)
- N°1 worldwide in transport
advertising with 156 airports and 249 contracts in metros, buses,
trains and tramways (329,790 advertising panels)
- N°1 in Europe for billboards
(129,970 advertising panels)
- N°1 in outdoor advertising in
Europe (615,530 advertising panels)
- N°1 in outdoor advertising in
Asia-Pacific (216,590 advertising panels)
- N°1 in outdoor advertising in Latin
America (66,120 advertising panels)
- N°1 in outdoor advertising in
Africa (22,500 advertising panels)
- N°1 in outdoor advertising in the
Middle East (15,350 advertising panels)
For more information about JCDecaux, please
visit jcdecaux.com. Join us on Twitter, LinkedIn, Facebook,
Instagram and YouTube.
Communications
Department : Albert Asséraf+33 (0) 1 30
79 79 35 – albert.asseraf@jcdecaux.com
Investor
Relations: Rémi Grisard+33 (0) 1 30 79 79
93 – remi.grisard@jcdecaux.com
- 05-07-2021 # Clear Media_UK
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