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Clear Channel Outdoor Holdings, Inc. Completes Sale of its Business in Spain to Atresmedia

  • Clear Channel Outdoor Holdings, Inc. completed the sale of its Spain business to Atresmedia Corporación de Medios de Comunicación, S.A.
  • The transaction purchase price was EUR €115M, approximately US$132 million, subject to customary post-closing adjustments & fees.
  • Moelis & Company LLC & Deutsche Bank Securities Inc. served as financial advisors for the sale process.
  • The U.S. dollar equivalent was based on an EUR/USD exchange rate of 1.1501 secured during the conversion of sale proceeds.