LONDON (AFX) - Clear Channel Outdoor is being targeted in a planned 2.5 bln usd leveraged buyout by European private equity groups including Permira, weekly magazine The Business reported.
The advertising company was put up for sale in October by its parent media company, Clear Channel. The entire group is also up for sale as a single lot, with two private equity consortia having tabled 17 bln usd offers, the magazine said. newsdesk@afxnews.com abr COPYRIGHT Copyright AFX News Limited 2006. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited