Goldbach Group (TX Group affiliate) Acquires Clear Channel's Switzerland Business for CHF 86M
December 22, 2022
Clear Channel Outdoor Holdings, Inc. has entered into a definitive agreement to sell its Switzerland business to Goldbach Group AG, an affiliate of TX Group AG, for CHF 86.0 million (approximately US$92.7 million). The all-cash divestiture is part of Clear Channel's strategic review of its European assets and is expected to close in mid-2023 subject to regulatory approvals and customary conditions.
- Buyers
- Goldbach Group AG, TX Group AG
- Targets
- Clear Channel Outdoor (Switzerland business)
- Sellers
- Clear Channel Outdoor Holdings, Inc.
- Industry
- Marketing & Advertising
- Location
- Switzerland
- Transaction Type
- Divestiture
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