oOh!media Limited emerges winner for HT&E’s Adshel

June 25 (Reuters) – Media company HT&E Limited said on Monday it will sell its out of home business, Adshel, to oOh!media Limited for an implied enterprise value of A$570 million ($424.02 million).

HT&E said oOh!media Limited will buy its bus stop advertising business bringing to an end an international tussle for dominance in Australia’s lucrative outdoor ad market between French advertising company JCDecaux , Australia’s APN Outdoor Group and oOh!media

$1 = 1.3443 Australian dollars
Reporting by Chandini Monnappa in Bengaluru

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