Equinox Industries completed the acquisition of the French business from Clear Channel Outdoor.

Equinox Industries, a Paris-based industrial holding company that makes long-term majority equity investments, completed the acquisition of the French business from Clear Channel Outdoor, a provider of dynamic advertising platform. Financial terms were not disclosed. "Clear Channel's Board of Directors and management team are focused on delivering profitable growth, strengthening our balance sheet and further demonstrating the operating leverage of our model. Following the sale of our business in France, we have divested, or have agreed to divest, all of our Europe-South segment operations. We continue to take meaningful action to optimize our portfolio and improve our capital structure, including initiating a process to sell our Europe-North segment and conducting a strategic review of our Latin American businesses. We are committed to acting in the best interests of our shareholders and to driving value creation," Scott Wells, Clear Channel Outdoor CEO.