€40m JCDecaux Arbitration against the
The background is: JCDecaux, via its Austrian group company Gewista, holds a 70% participation in RENCAR, a previously 100% subsidiary of the
After 18 years of a successful cooperation, DPP abruptly and completely changed its mind. DPP wants to cancel the rent agreement of 1997. The absurd reason: It was "too vague". A
As a direct consequence, JCDecaux stands to suffer damage of €40m to date.
Jean-François Decaux, Chairman of the Executive Board & Co-CEO of
- 2019 revenue: €3,890m
- Present in 4,030 cities with more than 10,000 inhabitants
- A daily audience of more than 800 million people in more than 80 countries
- 13,030 employees
- Leader in self-service bike rental scheme: pioneer in eco-friendly mobility
- 1st Out-of-Home Media company to join the RE100 (committed to 100% renewable energy)
- JCDecaux is listed on the Eurolist of Euronext Paris and is part of the Euronext 100 and Euronext Family Business indexes
- JCDecaux is recognised for its extra-financial performance in the FTSE4Good index and the MSCI and CDP ‘A List’ rankings
- 1,061,200 advertising panels worldwide
- N°1 worldwide in street furniture (528,660 advertising panels)
- N°1 worldwide in transport advertising with more than 170 airports and 277 contracts in metros, buses, trains and tramways (326,970 advertising panels)
- N°1 in
Europe for billboards (137,020 advertising panels) - N°1 in outdoor advertising in
Europe (645,540 advertising panels) - N°1 in outdoor advertising in
Asia-Pacific (239,300 advertising panels) - N°1 in outdoor advertising in
Latin America (72,880 advertising panels) - N°1 in outdoor advertising in
Africa (24,170 advertising panels) - N°1 in outdoor advertising in the
Middle East (16,450 advertising panels)
For more information about JCDecaux, please visit jcdecaux.com.
Join us on Twitter, LinkedIn, Facebook, Instagram and YouTube.
+33 (0) 1 30 79 34 99 – agathe.albertini@jcdecaux.com
Investor Relations:
+33 (0) 1 30 79 79 93 – arnaud.courtial@jcdecaux.com
Attachment
25-02-2020 # Procédure arbitrale Prague_UK
© OMX, source