Clear channel outdoor holdings, inc. completes sale of italy business to a subsidiary of jcdecaux se

Company continues review of strategic alternatives for its other european businesses san antonio , may 31, 2023 /prnewswire/ -- clear channel outdoor holdings, inc. (nyse: cco) (the "company") today announced it has closed on the sale of its business in italy to a subsidiary of jcdecaux se for gross proceeds of approximately eur 15.1 million, or us$ 16.2 million 1. the company received cash proceeds, net of customary estimated closing adjustments, totaling eur 9.3 million 2, or us$ 9.9 million 1,2 today.
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