TEGOS (formerly TGS Baltic) assisted Clear Channel Outdoor Holdings, Inc. with the sale of its Europe-North business segment to a subsidiary of Bauer Media Group for USD 625 million.
On 9 January 2025, out-of-home advertising provider Clear Channel Outdoor Holdings, Inc. entered into a definitive agreement to sell its Europe-North business segment to Bauer Radio Limited, a subsidiary of Bauer Media Group, a leading European media business. The expected purchase price is USD 625 million, subject to customary adjustments. The transaction is expected to close in 2025 upon satisfaction of regulatory approvals.
TEGOS ensured Clear Channel Outdoor Holdings, Inc. with full legal assistance concerning the Baltics, organising the virtual data rooms and coordinating documents as necessary to implement the transaction.
Andra Rubene, Kaspars Treilibs, and Rūdolfs Vilsons from TEGOS Latvia concerning Latvia, Kadri Kallas, Helena Kuuse, Maris Vutt and Mirko Kikkamägi from TEGOS Estonia concerning Estonia, Dalia Tamašauskaitė-Žilienė, Augustė Linauskaitė, and Rūta Tikuišytė from TEGOS Lithuania concerning Lithuania provided Clear Channel Outdoor Holdings, Inc. / Clear Channel International Limited all the necessary legal support concerning the Baltics for implementing the transaction.
Clear Channel Europe-North
Clear Channel Europe-North is a significant player in the out-of-home (“OOH”) media sector. For more information, please visit this site.
Clear Channel Outdoor Holdings, Inc.
Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) is at the forefront of driving innovation in the out-of-home advertising industry. CCO’s dynamic advertising platform is broadening the pool of advertisers using their medium through the expansion of digital billboards and displays and the integration of data analytics and programmatic capabilities that deliver measurable campaigns that are simpler to buy. By leveraging the scale, reach and flexibility of their diverse portfolio of assets, CCO connects advertisers with millions of consumers every month.
Bauer Media Group
Bauer Media Group is a leading European media business that includes print and online publishing, Audio broadcasting, and entertainment.
For more information on the transaction, please visit this site.
