Clear Channel Outdoor Enters Exclusive Discussions To Sell Its France Business To Equinox Industries; Financial Details Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Clear Channel Outdoor (CCO) is in exclusive discussions to sell its France business to Equinox Industries. The financial details of the deal have not been disclosed. The parties aim to complete the transaction in Q4 2023. Didier Quillot, a Senior Advisor to Equinox, would participate in the transaction and be appointed Non-Executive Chairman of Clear Channel France upon completion. CCO's Board of Directors continues to review strategic alternatives for its other European businesses.
July 17, 2023 | 10:29 am
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Clear Channel Outdoor is in talks to sell its France business to Equinox Industries. The deal, expected to close in Q4 2023, could impact CCO's European strategy and financial position.
The sale of CCO's France business could have a significant impact on the company's European strategy and financial position. However, without financial details, it's difficult to predict the exact impact on CCO's stock price in the short term.
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