JCDecaux and JOJ Media House Group Opt Out of Slovakian Merger
Deal News | Dec 13, 2024 | Globenewswire
JCDecaux SE, the leading out-of-home advertising company worldwide, and JOJ Media House Group, a major media group in Slovakia, have mutually decided not to proceed with a proposed merger of their outdoor advertising operations in Slovakia. Originally announced in December 2023, the agreement would have merged JCDecaux's Slovakian activities with Akzent Bigboard, a subsidiary of JOJ Media House. Despite the decision not to pursue the merger, JCDecaux remains a dominant force in the global out-of-home media sector, with notable achievements including a global reach in over 80 countries, extensive advertising panels worldwide, and leading positions in multiple regional markets. The company also boasts significant revenue figures and is recognized for its environmental commitments and sustainable business practices. JCDecaux's strategic decisions continue to focus on maintaining its leadership in various segments of the outdoor advertising industry, as well as its commitments to sustainability.
Sectors
- Out-of-Home Advertising
- Media
Geography
- Slovakia – The proposed merger that has been called off involved Slovakian operations of JCDecaux and JOJ Media House Group, highlighting the geographical focus of the article.
- France – JCDecaux, a French company listed on Euronext Paris, is central to the article, indicating relevance to France.
Industry
- Out-of-Home Advertising – The article involves JCDecaux, the number one out-of-home (OOH) advertising company globally, and focuses on their activities and planned merger in this sector.
- Media – JOJ Media House Group, a major participant in the article, is a leading media group in Slovakia, indicating the article's relevance to the media industry.
Financials
- 3,570.0 million – JCDecaux's revenue for 2023.
- 1,807.6 million – JCDecaux's revenue for the first half of 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| JCDecaux SE | Outdoor advertising company | Company | JCDecaux is the number one outdoor advertising company worldwide, involved in the discussed merger attempt. |
| JOJ Media House Group | Media group | Company | A leading media group in Slovakia that was part of the proposed merger with JCDecaux. |
| Akzent Bigboard | Subsidiary | Company | The outdoor advertising subsidiary of JOJ Media House Group involved in the merger agreement with JCDecaux. |