Sale of clear channel outdoor holdings, inc.'s switzerland business receives regulatory approval

San antonio , march 9, 2023 /prnewswire/ -- clear channel outdoor holdings, inc. (nyse: cco) (the "company") today announced that the sale of the company's switzerland business to goldbach group, an affiliate of tx group, has received regulatory approval from the swiss competition commission. the company now expects the transaction to close late in the first quarter or early in the second quarter of 2023, subject to the receipt of a customary tax ruling and completion of a transaction-related reorganization.
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