Neue ZüRcher Zeitung AG signed a share purchase agreement to acquire an additional 10.86% stake in APG|SGA SA (SWX:APGN) from JCDecaux SE (ENXTPA:DEC) for CHF 71.6 million on December 11, 2025. JCDecaux SE will sell 325,519 shares of APG|SGA at CHF 220 per share. In a separate transaction, Neue Zürcher Zeitung AG will acquire an additional stake in APG|SGA SA from Pargesa Asset Management S.A.

The transaction is subject to approval of offer by target shareholders and subject to antitrust regulations. The transaction is expected to be completed in the spring of 2026.