on CTS EVENTIM AG (isin : DE0005470306)
European Commission Approves CTS Eventim's Acquisition of France Billet Stake
On October 16, 2024, CTS Eventim AG & Co. KGaA announced that the European Commission has approved its acquisition of an additional 17% of France Billet's share capital. This regulatory green light allows CTS Eventim to increase its total stake in France Billet from 48% to 65% without any antitrust concerns or conditions imposed.
The call-option to acquire this additional stake was exercised on August 2, 2023. France Billet is a notable player in ticketing, aligning with CTS Eventim’s status as Europe's leading ticketing service provider.
This strategic move reinforces CTS Eventim's market position, augmenting its foothold in the European ticketing scene. This comes as part of CTS Eventim’s broader strategic growth across more than 25 countries.
R. H.
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