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JCDecaux abandons Clear Channel Spain deal following competition review

( October 28, 2024, 08:49 GMT | Official Statement) -- MLex Summary: Advertising company JCDecaux said it has decided to abandon its plan to buy rival Clear Channel’s operations in Spain, after a 14-month review by the national competition authority. The company said the benefits of the deal, as well as whether it could be completed, had been “called into question by the indications provided by the Spanish authority” on what commitments would be required for its approval. Statement follows....

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