Oaktree exits Australia's AMG to strategic player
Oaktree Capital Management has sold Australian media platform and content provider Active Media Group (AMG) to outdoor advertising business Val Morgan Outdoor (VMO) for an undisclosed amount.
VMO, a subsidiary of Australian cinema operator Hoyts Group, will add AMG's 4,000 screens into its portfolio and change its name to VMO Active. AMG was previously a division of Oaktree-owned Fitness First...
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