Slaughter and May is advising JCDecaux SA (JCDecaux), and its subsidiary, JCDecaux Innovate Limited (JCDI), on their participation in a consortium of investors which will, through the consortium’s wholly-owned special purpose vehicle (the Offeror), make a voluntary conditional offer to take Clear Media Limited (Clear Media) private. The offer consideration includes a cash alternative and a share alternative.
The consortium consists of Mr. Han Zi Jing (Chief Executive Officer of Clear Media), Antfin (Hong Kong) Holding Limited, JCDI and China Wealth Growth Fund III L.P..
JCDecaux Group is the premium outdoor advertising corporation in the world and a multinational corporation headquartered in France and listed on Euronext Paris.
Clear Media is a company listed on the Hong Kong Stock Exchange and is the largest operator of bus shelter advertising panels in the People’s Republic of China.