NZZ has agreed to acquire an additional 20% stake in APG|SGA SA from JCDecaux SE and Pargesa Asset Management S.A. This will increase NZZ’s stake in APG|SGA SA from 25% to 45%. NZZ has requested an extraordinary General Meeting to vote on including an opting-up provision in APG|SGA SA’s articles of association.

In a separate transaction, JCDecaux SE will sell 325,519 APG|SGA’s shares to NZZ, reducing its stake in APG|SGA to around 5.6%. The deal will generate approximately 76 million euros in cash proceeds for JCDecaux SE.

Read more at Nasdaq: NZZ To Increase Its Stake In APG|SGA To 45%