06
Thu, Feb
125 New Articles

TGS Baltic Advises Clear Channel Outdoor Holdings on USD 625 Million Sale of Europe-North Business to Bauer Media Group

Deals and Cases
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

TGS Baltic has advised Clear Channel Outdoor Holdings on the sale of its Europe-North out-of-home advertising segment to Bauer Radio Limited. Squire Patton Boggs, AG Law Limited, Cirio Law Firm, Kromann Reumert, Wikborg Rein, Castren & Snellman, Perez-Llorca, Reichlin Hess, Reed Smith, Deloitte and Herbert Smith Freehills, CMS, Norton Rose Fulbright, and Paczewski Tropaczynski reportedly advised the sellers as well.

The transaction, with an expected value of USD 625 million, pending adjustments, remains contingent on regulatory approvals.

Bauer Radio Limited is a subsidiary of Bauer Media Group, a European media business focused on print, digital publishing, audio, and entertainment.

Clear Channel Outdoor Holdings operates in the out-of-home advertising industry.

The TGS Baltic team included Lativa-based Partner Andra Rubene and Senior Associates Kaspars Treilibs and Rudolfs Vilsons, Estonia-based Partner Kadri Kallas, Counsel Maris Vutt, and Associates Helena Kuuse and Mirko Kikkamagi, and Lithuania-based Partners Dalia Tamasauskaite-Zliene and Associates Auguste Linauskaite and Ruta Tikuisyte.

TGS Baltic did not respond to our inquiry on the matter.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

Firm's website.