DGAP-Adhoc: CTS Eventim AG & Co. KGaA: CTS EVENTIM increases shareholding in Promoter FKP Scorpio


CTS Eventim AG & Co. KGaA  / Key word(s): Investment

02.06.2016 10:30

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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.
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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
 
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