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Birmingham Post
Birmingham Post
Business
Jon Robinson

Advertising giant Ocean Outdoor agrees sale to largest investor valuing it at £463m

Ocean Team GB Formula E NFL Wimbledon

An outdoor advertising giant, whose sites include the Piccadilly Lights in London, has agreed a sale to its largest shareholder which values the company at £463m.

Ocean Outdoor has confirmed the deal with investment company Atairos after it first revealed the talks on April 13.

The company has also posted a revenue of £124.4m for 2021, up from £86.2m, while its pre-tax losses were slashed from £156.4m to £30.3m.

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