The deal, settled for EUR €115 million, is subject to standard post-closing adjustments and the deduction of transaction-related fees. To facilitate the sale, Clear Channel retained Moelis & Company LLC and Deutsche Bank Securities Inc. as financial advisors. The company secured an exchange rate of 1.1501 to convert the proceeds into U.S. currency.

This divestment aligns with Clear Channel's broader strategy of pivoting toward digital innovation and programmatic advertising capabilities. By shedding its Spanish footprint, the company aims to sharpen its focus on markets where it can better leverage its data-integrated billboard platforms and scalable advertising technology.