APN to sell outdoor interests

Group in talks with Quadrant to sell remaining interest in APN Outdoor for $69m.

APN News & Media (APN) has entered into exclusive discussions with Quadrant Private Equity to sell its remaining interest in APN Outdoor for $69 million.

In a statement to the Australian Securities Exchange, APN said the sale price represented 7.5 times the 2013 earnings before interest, taxation, depreciation and amortisation for the group.


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