JCDecaux reduces stake in APG|SGA: the advisors
Euronext Paris-listed outdoor advertising company JCDecaux signed a share purchase agreement with NZZ, under which JCDecaux will sell 325,519 APG|SGA’s shares, corresponding to 10.85% of the share capital of APG|SGA. In connection with the deal, Bär & Karrer advised JCDecaux, while Lenz & Staehelin represented APG|SGA.
Subject to antitrust approvals, the completion of the sale is expected to take place in Q2 2026. Pursuant to the transaction, JCDecaux’s stake in APG|SGA will be reduced to around 5.6%.
The Bär & Karrer team
The Bär & Karrer team working on the matter included Dieter Dubs (pictured) and Linus Zweifel (both public M&A).
The Lenz & Staehelin team
Matthias Wolf (pictured) and Jacques Iffland led the Lenz & Staehelin team, working alongside Nicolas Lehmann, Lucas Gericke, Ilya Skurikhin and Manon Schläpfer (all corporate and M&A), with Astrid Waser providing antitrust advice.
