Outdoor advertising: Clear Channel is getting rid of its activities in France, struggling

2023-07-17 19:38:19

Posted Jul 17, 2023 at 6:24 p.m.Updated Jul 17, 2023 at 9:38 p.m.

The sale of European assets continues at Clear Channel Outdoor, one of the major players in outdoor . After having sold, in March, its activities in Switzerland for a little more than 90 million dollars to the Zurich group TX Group, then having got rid of, in May, its business in Spain and Italy for 75 million euros paid to the French JCDecaux – the world leader in the sector – the American group has just entered into exclusive negotiations with the tricolor investment fund Equinox Industries with a view to selling it its activities in France.

“The parties expect the transaction to be finalized in the fourth quarter of 2023”, specifies Equinox Industries

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