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BRIEF-APN Outdoor enters agreement to acquire development assets of Drive By Media

Published 04/09/2015, 11:19 am
Updated 04/09/2015, 11:27 am
© Reuters.  BRIEF-APN Outdoor enters agreement to acquire development assets of Drive By Media
APO
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Sept 4 (Reuters) - APN Outdoor Group Ltd APO.AX :

* Acquisition of drive by media development assets APO.AX

* Says announces its entry into an agreement to acquire the development assets of drive by media

* Says agreement secures 12 development locations suitable for 19 large format billboards throughout Victoria and Queensland

* Says approval of all sites provides a revenue opportunity of up to $7M per annum

* Consideration is only payable when development approvals in accordance with pre-agreed site specifications are delivered

* Says approved sites are expected to be commissioned over the next two years

* Source text for Eikon ID:nASX72BRzh

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