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OUTFRONT Media completes sale of LatAm business


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OUTFRONT Media completes sale of LatAm business

hascompleted the sale ofall of its equity interests in certain of its subsidiaries, which hold all ofthe assets of its outdoor advertising business in Latin America, to certainsubsidiaries of JCDecaux SA.

Inconnection with the transaction, the company received $82.0 million in cashplus working capital, which is subject to post-closing adjustments, accordingto an April 1 Form 8-K filing.

Underthe deal, OUTFRONT Media sold its assets in Argentina,Brazil,Chile,Mexicoand Uruguay, leaving OUTFRONT's international business toconsist exclusively of its operations in Canada.