JCDecaux: EU clears JV with ADP
(CercleFinance.com) - Under EU Merger Regulations the European Commission has approved the creation of a joint venture, Extime Media, by Aéroports de Paris (ADP) and JCDecaux.
Extime Media will operate and market advertising displays at Paris-Charles de Gaulle, Paris-Orly and Paris-Le Bourget airports (in France), at Antalya and Bodrum-Milas airports (Turkey), and at the Queen Alia airport in Amman (Jordan).
The Commission concluded that the proposed acquisition would not raise competition concerns, given Extime Media's very limited activities in the European Economic Area.
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