Ströer Outof-Home Media AG ("Ströer"), one of the leading providers of outofhome advertising in Europe, headquartered in Cologne, has increased its stake in the Turkish joint venture Ströer Kentvizyon from 50 to 90 percent as planned. The purchase price is at €55 million. "With this step, we have completed the first of our growth projects announced in the course of the IPO. With the reinforcement of our position in the largest European growth market, we will now benefit even stronger from the convincing prospects of the Turkish outofhome advertising market," says Udo Müller, cofounder and CEO of the Ströer Group.
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