Ocean Outdoor in talks with Atairos about possible takeover

(Sharecast News) - Digital advertising company Ocean Outdoor confirmed on Wednesday that it is in talks with investment firm Atairos about a possible takeover.

The company, which operates the famous Piccadilly Lights screen in London, said: "In connection with Ocean's strategic review announced on 15 November 2021, the board confirms it is in discussions with Atairos regarding a possible offer for the group."

It added that there can be no certainty an offer will be made and a further announcement will be made as and when appropriate.