Clear Channel Outdoor's Spain sale to JCDecaux unit terminated after JCDecaux withdraws regulatory filing

Clear Channel Outdoor Holdings, Inc.

JCDecaux subsidiary terminated agreement to buy Clear Channel Outdoor's Spain business; JCDecaux withdrew CNMC filing due to required commitments.
Clear Channel Outdoor will continue operating in Spain and focus on America and Airports segments.
CEO Scott Wells says Spain business performed well during the 17-month process; Europe-North and Latin American sales processes continue.
Company reaffirms goal to organically grow cash flow and reduce leverage.

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