Clear Channel Outdoor signs agreement to sell France business to Equinox Industries

Clear Channel Outdoor Holdings, Inc.

Clear Channel France sold to Equinox; CCO delivers ~EUR 42M cash and maintains EUR 30M loan.
France business had EUR 245M turnover in 2022 and employs ~800 people.
Didier Quillot to become Non-Executive Chairman of Clear Channel France upon closing.
Transaction not subject to regulatory approval; expected to close in coming weeks.
Divestiture completes exit from Europe-South segment, sharpening focus on America and Airports.

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