Public cash offer to the shareholders of AdCityMedia AB (SE) by Ocean Outdoor Limited (UK) — SEK 308 million

Carnegie acted as adviser to Ocean Outdoor Limited, through its indirectly and wholly-owned subsidiary Ocean Bidco Limited announced a recommended public offer to the shareholders of AdCityMedia AB to tender all their shares in AdCityMedia at a price of SEK 165 in cash per share. Ocean are a facilitator of digital connectivity in the OOH world. February 2020.