Outfront media and bell media announce closing of the sale of outfront media's canadian business

New york , june 10, 2024 /prnewswire/ -- outfront media inc. (nyse: out) and bell media inc., a wholly-owned subsidiary of bce inc. (tsx, nyse: bce), announced today that they have closed the sale of outfront media's canadian business to bell media for a purchase price of c$410 million in cash, subject to certain purchase price adjustments. jeremy male, chairman and chief executive officer of outfront media, said: "the sale of our canadian business illustrates the inherent value of our out-of-home assets, and will enable us to proactively reduce our financial leverage and also focus entirely on operating what is now a fully domestic business here in the united states.
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