CTS Eventim AG & Co. KGaA — M&A Activity 2000

Jun 7, 2000

News Details

Ad-hoc | 7 June 2000 08:45

Ad hoc-Service: CTS EVENTIM AG

Ad-hoc Mitteilung übermittelt durch die DGAP. Für den Inhalt der Mitteilung ist allein der Emittent verantwortlich. —————————————————————————— Issued by: CTS EVENTIM AG CTS EVENTIM to take over 51 percent of Marek Lieberberg Konzertagentur Munich, June 7, 2000. CTS EVENTIM AG, the leading marketer of tickets for concerts, theater and sports events and a Neuer Markt constituent since February 1, 2000, is set to acquire 51 percent of the shares of Frankfurt-based Marek Lieberberg Konzertagentur GmbH effective July 1, 2000. Marek Lieberberg Konzertagentur GmbH is one of Germany’s leading concert promoters, and organized more than 450 large-scale events attracting over 2 million concert-goers in 1999. For the last 15 years Marek Lieberberg has organized Germany’s two biggest open- air festivals “Rock am Ring” and “Rock im Park”, which attract total attendances of around 140,000. Over several decades, Lieberberg has been the personal intimate and trusted business associate of elite performers such as Sting, Bryan Adams, Celine Dion, Bruce Springsteen and Bon Jovi. His company’s 1999 turnover was around DM 120 million. The takeover will make it necessary to revise CTS EVENTIM AG’s sales and earnings forecasts for 2000 and beyond sharply upwards. The acquisition is the logical next step in CTS EVENTIM’s strategy to build the CTS internet platform into Europe’s number one leisure and events portal. As management board chairman Klaus- Peter Schulenberg sees it, the fact that CTS now has direct access to the top international artistic talent opens up a brilliant future for the group. As well as giving CTS EVENTIM exclusive rights to market the tickets to star attractions such as “Rock am Ring”, the deal will also give a significant boost to the group’s merchandising and eCommerce activities. Customers will in future be able to buy not just their tickets but also T- shirts, posters and CDs through the CTS portal. And, says Schulenberg, CTS is now in a position to offer artistes tailor- made total solutions – everything they need from tour planning through ticketing to internet advertising and merchandising, all from a single source. “This strategy will give CTS an important competitive advantage and significantly extend our value-creation chain. At the same time the takeover of Marek Lieberberg Konzertagentur GmbH represents the first big step along the road to realizing our European strategy. In future we plan for CTS to handle the ticketing for international tours in the rest of Europe as well as Germany.” For further information, please contact: Klaus-Peter Schulenberg Dingolfinger Str. 6, 81673 München Tel: 0421/3666200, Email: kp.schulenberg@eventim.de Ende der Mitteilung