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.
Location
Switzerland
Transaction Type
Divestiture

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