07.01.2013 17:40:00
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Le Figaro, Le Monde and L’Express Acquire an Equity Interest in MédiaKiosk
Regulatory News:
JCDecaux SA (Euronext Paris: DEC), the number one outdoor advertising company worldwide, announces today that Le Figaro, Le Monde and Express-Roularta acquired a 12.5% equity interest in MédiaKiosk in accordance with the agreement (in November 2011) whereby Presstalis sold 95% of the capital of MédiaKiosk to JCDecaux. Each of these publishers will be represented on the Supervisory Board of MédiaKiosk, respectively by Marc Feuillée, Louis Dreyfus and Hendrik de Nolf.
MédiaKiosk currently manages 763 newsstands in France. In 2012, 30 new units were installed including the 400th newsstand in Paris. Continuing this momentum, 40 new stands are planned for 2013, across the whole national territory.
Jean-Charles Decaux, Chairman of the Executive Board and co-CEO of JCDecaux, said: "I am delighted that Le Figaro, Le Monde and L’Express have acquired an interest in the capital of MédiaKiosk alongside Presstalis and JCDecaux. Thanks to their experience in the distribution of newspapers in France, these highly prestigious publishers will contribute greatly to the subsidiary’s strategic thinking and initiatives in order to develop the newsstand, a key platform for the physical distribution of the printed press in France. Together, we have ambitious plans to further develop this network, which is a major vehicle for the dissemination of information and culture, plays an essential role in city centre life and represents a focal point to which city-dwellers are deeply attached.”
Key figures for the Group
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