JCDecaux Mulls Buy of European Assets of Clear Channel Outdoor -Reuters
09 December 2014 - 11:08AM
Dow Jones News
Outdoor advertiser JCDecaux S.A. (DEC.FR) is weighing a purchase
of the European advertising assets of Clear Channel Outdoor
Holdings Inc. (CCO), Reuters reported Monday on its website, citing
people familiar with the matter.
An offer by the French company for its U.S. rival's European
assets could be for about $2.5 billion, the people told
Reuters.
Advising Clear Channel on the potential sale are Moelis &
Co. (MC) and Citigroup Inc. (C), the people said.
Full story at:
www.reuters.com/article/2014/12/08/us-clearchanneloutdooreurope-m-a-jcdecau-idUSKBN0JM2BL20141208
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