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JCDecaux Sees Sales Growth; Eyes Acquisitions

By Kristen Schweizer

Jan. 29 (Bloomberg) -- JCDecaux SA, the world’s second- biggest seller of outdoor advertising, predicts revenue from current operations will grow this quarter and is eyeing acquisitions of companies burdened by debt.

JCDecaux, based in Neuilly-sur-Seine outside Paris, last week bought “certain selected assets” of U.K. rival Titan Outdoor after that company was forced into administration, co- Chief Executive Officer Jean-Francois Decaux said in a phone interview from Davos yesterday.

“The company went bust and it’s a good example of what could happen in other markets where some of our other competitors went completely mad in their bidding strategies,” he said.

The French outdoor advertiser is seeking small and medium- sized companies in Europe and Asia-Pacific locations where it’s already present, Decaux said, reiterating that his company has access to 600 million euros ($837 million) of unused credit at 20 basis points over the London interbank offered rate.

Source: BusinessWeek

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JCDecaux Sees Sales Growth; Eyes Acquisitions


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