Legal Proceedings Report • Feb 5, 2018
Legal Proceedings Report
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Paris, 5 February 2018 - SOMUPI, a subsidiary of JCDecaux (66%) and Publicis Groupe (34%), notes the French State Council's order confirming cancellation of the provisional contract for City Information Panels (CIPs) by the City of Paris and regrets the decision.
Pending the outcome of the ongoing procedure to roll out new CIPs, the City will be deprived of an essential channel of information for citizens who will no longer be kept up to date on city news, health prevention campaigns, public safety messages, cultural and sport programmes, etc. and income of tens of millions of euros over 20 months, equivalent to 15,000 childcare places or the functional budget for all Paris's libraries.
JCDecaux stands ready to serve its clients, advertisers and media agencies, and will provide them in 2018 a revised offer using all its Parisian assets, which will meet their communication needs, vital to their development and their role in driving the local and national economy. This contract represented around 1% of Group revenue in 2017.
+33 (0)1 30 79 34 99 – [email protected] Investor Relations Arnaud Courtial +33 (0)1 30 79 79 93 – [email protected]
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