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HT&E Limited, the owner of radio network ARN, has sold off its entire shareholding in outdoor media specialist oOh!media Limited.
The sell down at $1.78 a share brought in $49 million, a gain of $31 million on the initial investment.
HT&E took a 4.2% equity interest in oOh!media in April last year.
"The sale further bolsters HT&E’s balance sheet following the ATO tax settlement last week," HT&E told the ASX today.
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