PPU counsels on sale of Paneles Napsa to Global Media
Philippi Prietocarrizosa Ferrero DU & Uría Peru has counselled Clear Channel Outdoor Holdings on the sale of its Peruvian subsidiary, Paneles Naps, to Global Media US, a subsidiary of Global Media.
The transaction closed on 6 February for USD $20 million and was part of a deal that also saw the sale of the business in Mexico and Chile. Akin Gump acted as advisor to the sellers in New York.
PPU’s team comprised partner Rafael Boisset (pictured), senior associate Daniela Forton and counsel Rodrigo De la Cruz.