Clear Channel Outdoor closes sale of its business in France to Equinox

Clear Channel Outdoor Holdings announced that it has closed the previously announced sale of its business in France to Equinox Industries. Additionally, the Company has initiated a process to sell the businesses in its Europe-North segment, which include operations in the United Kingdom, the Nordics and several other countries throughout Northern and Central Europe. The Company has also initiated a strategic review of its Latin American businesses, which include operations in Mexico, Brazil, Chile and Peru. To date, the Company has sold its businesses in Switzerland, Italy and France and has agreed to sell its business in Spain. The Company has engaged Moelis & Company and Deutsche Bank Securities as financial advisors to assist it with the process to sell the Company’s Europe-North segment. The Company has engaged Moelis & Company as financial advisor to assist it with the strategic review of our Latin American businesses.