Brief: Clear Channel Outdoor Holdings Inc. Signs Share Purchase Agreement To Sell Its France Business To Equinox Industries

Clear Channel Outdoor Holdings

18/10/2023 07:05

Oct 18 (Reuters) - Clear Channel Outdoor Holdings Inc
 CCO.N :
    * CLEAR CHANNEL OUTDOOR HOLDINGS, INC. SIGNS SHARE PURCHASE
AGREEMENT TO SELL ITS FRANCE BUSINESS TO EQUINOX INDUSTRIES
    * IN PROPOSED TRANSACTION, EQUINOX WOULD ACQUIRE FULL
OWNERSHIP OF
CLEAR CHANNEL FRANCE
    * CLEAR CHANNEL - AS CONSIDERATION FOR TRANSACTION, CO WOULD
DELIVER CLEAR CHANNEL FRANCE TO EQUINOX INDUSTRIES AT CLOSING
WITH ABOUT EUR 42 MILLION OF CASH
    * CLEAR CHANNEL OUTDOOR HOLDINGS - EQUINOX INDUSTRIES WOULD
MAINTAIN APPROXIMATELY EUR 30 MILLION STATE-GUARANTEED LOAN HELD
BY CLEAR CHANNEL FRANCE

Source text for Eikon:  ID:nPn2ZHMLsa 
Further company coverage:  CCO.N 

 ((Reuters.Briefs@thomsonreuters.com;))