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JCDecaux to acquire Clear Channel Italy and Spain businesses

JCDecaux to acquire Clear Channel Italy and Spain businesses
In brief

JCDecaux, the largest global outdoor company, has entered into separate agreements to acquire Clear Channel’s businesses in Italy and Spain.

On a cash debt-free basis the deal represents €15.1m for Clear Channel Italy and €60m for Clear Channel Spain.

The transaction for the Italy business will complete tomorrow, and the Spain agreement should close in 2024 subject to approvals by regulators.

These businesses are alongside JCDecaux’s current presence in Italy and Spain.

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