Clear Channel Outdoor Completes Sale of Brazil Business to Eletromidia Affiliate, Exits Latin America

Reuters

10/02

Clear Channel Outdoor Completes Sale of Brazil Business to Eletromidia Affiliate, Exits Latin America

Clear Channel Outdoor Holdings, Inc. has completed the sale of its business in Brazil to Publibanca Brasil S.A., an affiliate of Eletromidia S.A., for approximately R$80 million, or about US$15 million. The company announced that this marks its exit from Latin America, aligning with its strategy to simplify operations and focus on its U.S. business. Clear Channel Outdoor stated that proceeds from the sale, after transaction-related expenses, will be used to improve liquidity and financial flexibility. The company also thanked its Brazil team for their dedication.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Clear Channel Outdoor Holdings Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: NY87457) on October 01, 2025, and is solely responsible for the information contained therein.

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The company announced that this marks its exit from Latin America, aligning with its strategy to simplify operations and focus on its U.S. business. Clear Channel Outdoor stated that proceeds from the sale, after transaction-related expenses, will be used to improve liquidity and financial flexibility. The company also thanked its Brazil team for their dedication.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Clear Channel Outdoor Holdings Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: NY87457) on October 01, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2294711713.HKD","symbol_name":"BNP PARIBAS ENERGY TRANSITION \"C\" (HKD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251001:nNDL6cyyFY:1","article_id":"2572557210","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2572557210","pubTimestamp":1759350653,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Clear Channel Outdoor Holdings, Inc. has completed the sale of its business in Brazil to Publibanca Brasil S.A., an affiliate of Eletromidia S.A., for approximately R$80 million, or about US$15 million. 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