JCDecaux and APN Outdoor work on deal as oOh!media scoops up Adshel
The consolidation of Australia's out-of-home advertising sector is ramping up as French giant JCDecaux's move for APN Outdoor could come to a head and oOh!media swooped on Adshel for $570 million over the weekend.
JCDecaux and APN Outdoor started engaging overnight on Friday, as revealed by The Australian Financial Review on Saturday morning.
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Max Mason covers insolvency, courts, financial crime, cybercrime and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
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