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Evening Standard
Evening Standard
Business
Rhiannon Curry

Operator of Piccadilly Lights to be sold in £463 million deal

Ocean Piccadilly

People pass the Yoko Ono Imagine Peace sign at Piccadilly, during a recent solidarity march in London for Ukraine (Aaron Chown/PA)

(Picture: PA Wire)

Ocean Outdoor, the advertising company that runs the iconic Piccadilly Circus hoardings and the BFI Imax wraparound space by Waterloo, is being bought out by its largest shareholder in a deal which values the company at $580 million (£463 million).

The $10.40-a-share cash offer from Atairos represents a 21.9% premium on Ocean Outdoor’s average share price over the last six months. Management are backing the offer.

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