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EQS-Adhoc: CTS EVENTIM enters put option agreement to acquire Vivendi’s festival and international ticketing activities

eqs_en 
0 0 02.04.24
EQS-Adhoc: CTS EVENTIM enters put option agreement to acquire Vivendi’s festival and international ticketing activities: http://s3-eu-west-1.amazonaws.com/sharewise-dev/attachment/file/23704/EVE_Logo.svg.png
 

EQS-Ad-hoc: CTS Eventim AG Co. KGaA / Key word(s): Mergers Acquisitions
CTS EVENTIM enters put option agreement to acquire Vivendi’s festival and international ticketing activities

02-Apr-2024 / 08:38 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

AD HOC DISCLOSURE 

Public disclosure of inside information in accordance with Article 17 of Regulation (EU) No. 596/2014 (Market Abuse Regulation)

CTS EVENTIM enters put option agreement to acquire Vivendi’s festival and international ticketing activities 

Paris/Munich, 2 April 2024 – CTS EVENTIM AG Co. KGaA today announces that it has entered into a put option agreement with Vivendi to acquire Vivendi’s festival and international ticketing activities. The businesses that CTS EVENTIM is set to acquire collectively produced €137 million in revenues in 2023. The ticketing business under the See Tickets brand generated about €105 million and sold about 44 million tickets in Belgium, Denmark, Germany, the Netherlands, Portugal, Spain, Switzerland, the UK and the US. It is the number two ticketing company in the UK and a successful actor in the other markets as well. The festival business that is part of the current deal generated additional €32 million.

On the seller’s side, this agreement is subject to the information and consultation procedures involving the relevant employee representative bodies.

CTS EVENTIM is confident that this transaction will be completed in the coming months.


About CTS EVENTIM
CTS EVENTIM is the number one provider of ticketing services in Europe and number two in the world. Over 300 million tickets per year are marketed using the Company’s systems – through physical box offices and mobile/online portals. According to Pollstar’s global rankings for 2023, the EVENTIM Group is the second-biggest promoter in the world. In addition, CTS EVENTIM operates some of Europe’s most renowned venues. CTS EVENTIM AG Co. KGaA (ISIN DE 0005470306) has been listed on the stock exchange since 2000 and is a member of the MDAX segment. In 2023, the Group generated revenue of EUR 2.4 billion across more than 25 countries.


CORPORATE COMMUNICATIONS
Christian Colmorgen
Vice President Corporate Communications
[email protected]
 

INVESTOR RELATIONS
Marco Haeckermann
Vice President Corporate Development Strategy
[email protected]



End of Inside Information

02-Apr-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
Language: English
Company: CTS Eventim AG Co. KGaA
Rablstr. 26
81669 München
Germany
Phone: 0421/ 3666-0
Fax: 0421/ 3666-290
E-mail: [email protected]
Internet: www.eventim.de
ISIN: DE0005470306
WKN: 547030
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1871005

 
End of Announcement EQS News Service

1871005  02-Apr-2024 CET/CEST

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CTS Eventim AG & Co. KGaA Stock

€81.90
-1.620%
A loss of -1.620% shows a downward development for CTS Eventim AG & Co. KGaA.
Our community is currently high on CTS Eventim AG & Co. KGaA with 3 Buy predictions and 0 Sell predictions.
As a result the target price of 87 € shows a slightly positive potential of 6.23% compared to the current price of 81.9 € for CTS Eventim AG & Co. KGaA.
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EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




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