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Clear Channel Outdoor Holdings, Inc. Agrees to Sell its Brazil Business to an affiliate of Eletromidia S.A.

SAN ANTONIO, May 7, 2025 /PRNewswire/ -- Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") today announced that its subsidiaries have entered into a definitive agreement to sell its business in Brazil to Publibanca Brasil S.A., an affiliate of Eletromidia S.A. (the "Buyer"). The purchase price of approximately R80million,orUS80 million, or US14 million[1], is subject to certain customary adjustments, and the transaction is subject to approval by the Administrative Council for Economic Defense, Brazil's n ...