Support The Moscow Times!
Contribute today

JCDecaux Buying Stake

By The Moscow Times

French outdoor advertising group JCDecaux said Monday that it had agreed to acquire 25 percent of Russ Outdoor, its largest peer in Russia, which makes $300 million in annual sales.

As part of the transaction, JCDecaux said it would contribute its Russian assets to Russ Outdoor, a business acquired by a consortium of investors led by VTB Capital private equity in 2011.

(Reuters)

Related articles:

Read more

Great Purge

Stalin Bust Appears at Memorial to Victims of Soviet Repression

The director of the memorial complex defended the new statue of the Soviet dictator as a “logical” reflection of that period.
2 Min read
show of solidarity

EU Convenes 'Historic Meeting' of Foreign Ministers in Kyiv

The summit marks the first time that all EU foreign ministers have convened outside the bloc's borders.
1 Min read
In depth

Russians Pay Final Tribute to Prigozhin 40 Days After Mercenary Chief's Death

According to Orthodox Christian tradition, the souls of the deceased remain on Earth for 40 days before finding their eternal resting place.
4 Min read
vulnerable targets

Russian Regions Hit by Ukrainian Drones and Shelling

The strikes wounded three people and forced an airport to divert flights, officials said.
1 Min read