Clear Channel Outdoor sells Brazil unit for ~US$14M to Eletromidia affiliate; proceeds to boost liquidity

Clear Channel Outdoor Holdings, Inc.

Purchase price ~R$80M (~US$14M at May 6, 2025 exchange rate), subject to customary adjustments.
Transaction expected to close in 2025 after Brazilian competition regulator (CADE) approval.
Proceeds from sale will be used to improve the company's liquidity position.
CEO Scott Wells says sale advances portfolio optimization, fully exiting Latin America.

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