CTS Eventim AG & Co. KGaA / Key word(s): Investment 02.06.2016 10:30 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Ad hoc Announcement pursuant to Section 15 WpHG (German Securities Act) CTS EVENTIM increases shareholding in Promoter FKP Scorpio Munich, 2. June 2016. MDAX-listed CTS EVENTIM AG & Co. KGaA (ISIN DE0005470306) strengthens its leading position in European Live Entertainment promotions. CTS EVENTIM increases its shareholding to majority from 45% to 50,2% in the formerly "at equity" consolidated subsidiary FKP Scorpio Konzertproduktionen GmbH, Hamburg. The transaction is subject to approval by the responsible antitrust authorities. By increasing its shareholding to 50,2% CTS EVENTIM AG & Co. KGaA gains direct access to a perfect growth platform via established German festivals like Hurricane, Southside, Highfield, Chiemsee Summer, M'era Luna, Deichbrand and additionally Provinssi in Finland, Bravalla in Sweden, Northside in Denmark, Greenfield in Switzerland, Nuke in Austria and Best Kept Secret in the Netherlands. Apart from its festival business, FKP Scorpio and its subsidiaries acts as touring partner in different European countries for various artists like Foo Fighters, Justin Bieber, Ed Sheeran, James Blunt, Mumford & Sons, Revolverheld and Blink 182. With revenues of above 100m Euro in 2015 FKP Scorpio not only represents a consequent expansion of its Live Entertainment portfolio, but provides CTS EVENTIM with a valuable growth platform to strengthen ties with its customers beyond ticketing. Gaining direct access to FKP Scorpio will prospectively support the continuous development and launch of innovative products and services across the entire business portfolio of CTS EVENTIM AG & Co. KGaA and thereby take significant share in the group's international expansion strategy. For further information: Marco Haeckermann, Director Corporate Development & Strategy, CTS EVENTIM AG & Co. KGaA, +49 421 366 270 02.06.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: CTS Eventim AG & Co. KGaA Dingolfinger Str. 6 81673 München Germany Phone: 0421/ 3666-233 Fax: 0421/ 3666-290 E-mail: tatjana.wilhelm@eventim.de 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; Terminbörse EUREX End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: CTS Eventim AG & Co. KGaA: CTS EVENTIM increases shareholding in Promoter FKP Scorpio
| Source: EQS Group AG