Reuters: News Corp sells Russian, Romanian outdoor ads business

Embattled global media group News Corp said on Friday it has sold its 79 percent stake in News Outdoor Russia and News Outdoor Romania to a group of investors led by Russian investment bank VTB Capital. The deal completes News Corp's divestment of its outdoor advertising business, with the exception of News Outdoor Czech Republic, the media company said in a statement.VTB Capital, the investment arm of Russia's No.2 lender VTB , said it had bought the News Outdoor stake with NOOH ...

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