APN in exclusive negotiations with Quadrant Private Equity
APN News & Media has entered into exclusive negotiations with Quadrant Private Equity concerning its outdoor advertising business. It comes after a strategic review concluded that the asset shouldn’t be sold but that further investment was required to support expansion.
APN said in an announcement to the Australian Stock Exchange that no final agreement had been reached with Quadrant. It will provide an update when it releases its full-year results on February 23. The...
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