NZZ has reached agreement with the other major shareholders JCDecaux SE and Pargesa Asset Management S.A. in two separate transactions to acquire an additional stake of 20% in total of the shares in APG|SGA SA. Upon completion, NZZ's stake in APG|SGA SA would increase from 25% to 45%. NZZ has submitted a request to APG|SGA SA's Board to convene an extraordinary General Meeting to vote on the proposal to include the opting-up provision in APG|SGA SA's articles of association.
Separately, JCDecaux SE also announced that a share purchase agreement was signed on December 11, 2025 between JCDecaux SE and NZZ, under which JCDecaux SE will sell additional 325,519 APG|SGA's shares, corresponding to 10.85% of the share capital. Upon completion, the stake of JCDecaux SE in APG|SGA will be reduced to around 5.6%. The deal will generate cash proceeds for JCDecaux SE of approximately 76 million euros before transaction costs.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.