Company Announcements

DGAP-News: CTS Eventim AG & Co. KGaA: CTS EVENTIM and Fnac Darty start exclusive negotiations on strategic ticketing partnership in France

Source: EQS
<html xmlns="http://www.w3.org/1999/xhtml"><body><table border="0"><tr><td> <p><org>DGAP-News</org>: <org value="LSE:0EEE" idsrc="xmltag.org" >CTS Eventim AG &amp; Co. KGaA</org> / Key word(s): Letter of Intent<br/> <org value="LSE:0EEE" idsrc="xmltag.org" >CTS Eventim AG &amp; Co. KGaA</org>: CTS EVENTIM and Fnac Darty start exclusive negotiations on strategic ticketing partnership in <location value="LC/fr" idsrc="xmltag.org" >France</location> <br/><br/> <chron>24.07.2019</chron> / 17:45 <br/> The issuer is solely responsible for the content of this announcement.<br/><br/></p> <hr/><div><p><b>PRESS RELEASE</b><br/><br/><b>CTS EVENTIM and Fnac Darty start exclusive negotiations on strategic ticketing partnership in <location value="LC/fr" idsrc="xmltag.org" >France</location></b></p> <ul><li>CTS EVENTIM to take over 48 percent of Fnac Darty&apos;s ticketing business</li> <li>Option to acquire majority stake four years later</li> <li>Existing French ticketing activities of CTS EVENTIM to become part of joint venture</li> </ul><p><location value="LU/de..munich" idsrc="xmltag.org" >Munich</location>/Ivry, <chron>24 July 2019</chron>. CTS EVENTIM, one of the world&apos;s leading providers of ticketing and live entertainment, is striving to significantly strengthen its position in <location value="LC/fr" idsrc="xmltag.org" >France</location> by acquiring a stake in the ticketing market leader <org value="ACORN:0055646532" idsrc="xmltag.org" >France Billet</org>. CTS EVENTIM and Fnac Darty (owner of <org value="ACORN:0055646532" idsrc="xmltag.org" >France Billet</org>) have started exclusive negotiations on a strategic partnership for their French ticketing activities. The project will be presented to the relevant employee representatives in the coming weeks.<br/> CTS EVENTIM and Fnac Darty plan to close the transaction by the end of this year.</p> <p>Under the proposed agreement, CTS EVENTIM would acquire 48 percent of the shares in <org value="ACORN:0055646532" idsrc="xmltag.org" >France Billet</org>, the ticketing subsidiary of Fnac Darty. At the same time, CTS EVENTIM would contribute its existing activities in <location value="LC/fr" idsrc="xmltag.org" >France</location> to the partnership. CTS EVENTIM also has the option to acquire a majority stake four years from the date of the closing of the transaction.</p> <p>CTS EVENTIM CEO <person>Klaus-Peter Schulenberg</person> commented: &quot;By partnering with Fnac Darty, we seek to create a company that offers its customers attractive services, a powerful platform, and a wide range of offerings. At the same time, we intend to use this investment to significantly strengthen our market position in an economically attractive and culturally diverse market. I look forward to our further discussions with Fnac Darty.&quot;</p> <p>The joint venture will continue to do business as <org value="ACORN:0055646532" idsrc="xmltag.org" >France Billet</org> under the new ownership structure. The plan is to keep the established retail brands. In addition to <a href="http://francebillet.com">francebillet.com</a>, these include eventim.fr, <a href="http://fnacspectacles.com">fnacspectacles.com</a> and <a href="http://billetreduc.com">billetreduc.com</a>, which was acquired by <org value="ACORN:0055646532" idsrc="xmltag.org" >France Billet</org> in the first quarter of this year.</p> <p><person>Enrique Martinez</person>, CEO of Fnac Darty, added: &quot;We are very pleased with this project with CTS Eventim, which is part of our process of implementing our Confiance+ strategic plan and rolling out our platform to partners who are experts in their field. In a rapidly changing market, this value-creating partnership would pave the way for new avenues of development for <org value="ACORN:0055646532" idsrc="xmltag.org" >France Billet</org>, now backed by two major players, and would strengthen its offer and its innovative capacities in a competitive sector. <org value="ACORN:0055646532" idsrc="xmltag.org" >France Billet</org> would take advantage of the know-how and strength of the Fnac brand as well as CTS EVENTIM&apos;s expertise and importance.&quot;</p> <p>As a minority shareholder, CTS EVENTIM would initially account for its shareholding in <org value="ACORN:0055646532" idsrc="xmltag.org" >France Billet</org> at equity. In the event that the call option can be exercised four years later, this opens up the possibility of full consolidation. In any case, Fnac Darty envisages a long-term and strategic interest in <org value="ACORN:0055646532" idsrc="xmltag.org" >France Billet</org>.<br/> &#160;</p> <p><i><b>About CTS EVENTIM</b><br/> CTS EVENTIM is one of the leading international providers of <org>Ticketing and Live Entertainment</org>. In 2018, approx. 250 million tickets were marketed using the company&apos;s systems - through stationary box offices, online or mobile. Its online portals operate under brands such as eventim.de, <a href="http://oeticket.com">oeticket.com</a>, ticketcorner.ch, ticketone.it, and <a href="http://entradas.com">entradas.com</a>. <org>The EVENTIM Group</org> also includes many concert, tour and festival promoter companies for events like &apos;Rock am Ring&apos;, &apos;Rock im Park&apos;, &apos;Hurricane&apos;, &apos;Southside&apos;, and &apos;Lucca Summer&apos;. In addition, some of <location value="LR/eur" idsrc="xmltag.org" >Europe&apos;s</location> most renowned venues are operated by CTS EVENTIM, for example the LANXESS arena in <location value="LU/de..cologn" idsrc="xmltag.org" >Cologne</location>, the Waldb&#252;hne in <location value="LU/de..berlin" idsrc="xmltag.org" >Berlin</location> and the EVENTIM Apollo in <location value="LU/gb.eng.london" idsrc="xmltag.org" >London</location>. <org value="LSE:0EEE" idsrc="xmltag.org" >CTS EVENTIM AG &amp; Co. KGaA</org> (ISIN DE 0005470306) has been listed on the stock exchange since 2000 and is currently a member of the SDAX segment. In 2018, its 3,141-strong workforce generated more than <money>1.2 billion Euros</money> in revenue in 21 countries.</i><br/> &#160;</p> <p><i><b>About Fnac Darty</b><br/> Operating in twelve countries, Fnac Darty is a European leader in the retail of entertainment and leisure products, consumer electronics and household appliances. The group counts 25,000 employees and, as of the end of 2018, has a multi-format network of 780 stores, including 571 in <location value="LC/fr" idsrc="xmltag.org" >France</location>. Fnac Darty is <location value="LC/fr" idsrc="xmltag.org" >France&apos;s</location> second e-commerce player in terms of traffic (near 20 million aggregated unique visitors per month) with its two retail websites, <a href="http://fnac.com">fnac.com</a> and <a href="http://darty.com">darty.com</a>.</i><br/><i>A standard-setting omni-channel retailer, Fnac Darty posted pro forma revenues of <money>EUR7.475 billion</money> in 2018.</i><br/> &#160;</p> <p><i><b>For further information, contact:</b><br/><br/><b>CTS EVENTIM</b><br/><br/><u>Corporate Communications:</u><br/> <person>Christian Steinhof</person><br/> Head of Corporate Communications<br/> Tel.: +49.40.380788.7299</i><br/> <a href="mailto:christian.steinhof@eventim.de">christian.steinhof@eventim.de</a></p> <p><u><i>Investor Relations:</i></u><br/><i><person>Marco Haeckermann</person></i><br/><i>Vice President Corporate Development &amp; Strategy</i><br/><i>Tel.: +49.421.3666.270</i><br/> <a href="mailto:marco.haeckermann@eventim.de">marco.haeckermann@eventim.de</a></p> <p><i><b>Fnac Darty</b></i></p> <p><i><u>Press:</u><br/> <person>Audrey Bouchard</person><br/> Tel.: +33.1.5521.5925</i><br/> <a href="mailto:audrey.bouchard@fnacdarty.com">audrey.bouchard@fnacdarty.com</a></p> <p><i>Claire Fournon<br/> Tel.: +33.1.5521.5710</i><br/> <a href="mailto:claire.fournon@fnacdarty.com">claire.fournon@fnacdarty.com</a></p> <p><u><i>Analysts &amp; Investors:</i></u><br/><i><person>St&#233;phanie Constand</person><br/> Tel.: +33.1.5521.1863</i><br/> <a href="mailto:stephanie.constand@fnacdarty.com">stephanie.constand@fnacdarty.com</a><br/><br/><i>Adrien Brangier</i><br/><i>Tel.: +33.1.5521.8441</i><br/> <a href="mailto:adrien.brangier@fnacdarty.com">adrien.brangier@fnacdarty.com</a></p> </div> <br/><hr/><p> <chron>24.07.2019</chron> Dissemination of a <org>Corporate News</org>, transmitted by DGAP - a service of EQS Group AG.<br/>The issuer is solely responsible for the content of this announcement.<br/><br/>The DGAP Distribution Services include Regulatory Announcements, <org>Financial/Corporate News</org> and Press Releases. <br/>Archive at <a href="http://www.dgap.de">www.dgap.de</a><br/></p> <hr/></td> </tr></table><table><tr><td align="left" valign="top">Language:</td> <td align="left" valign="top">English</td> </tr><tr><td align="left" valign="top">Company:</td> <td align="left" valign="top"><org value="LSE:0EEE" idsrc="xmltag.org" >CTS Eventim AG &amp; Co. KGaA</org></td> </tr><tr><td align="left" valign="top"/> <td align="left" valign="top">Rablstr. 26</td> </tr><tr><td align="left" valign="top"/> <td align="left" valign="top">81669 M&#252;nchen</td> </tr><tr><td align="left" valign="top"/> <td align="left" valign="top"><location value="LC/de" idsrc="xmltag.org" >Germany</location></td> </tr><tr><td align="left" valign="top">Phone:</td> <td align="left" valign="top">0421/ 3666-0</td> </tr><tr><td align="left" valign="top">Fax:</td> <td align="left" valign="top">0421/ 3666-290</td> </tr><tr><td align="left" valign="top">E-mail:</td> <td align="left" valign="top"><a href="mailto:info@eventim.de">info@eventim.de</a></td> </tr><tr><td align="left" valign="top">Internet:</td> <td align="left" valign="top"><a href="http://www.eventim.de">www.eventim.de</a></td> </tr><tr><td align="left" valign="top">ISIN:</td> <td align="left" valign="top">DE0005470306</td> </tr><tr><td align="left" valign="top">WKN:</td> <td align="left" valign="top">547030</td> </tr><tr><td align="left" valign="top">Indices:</td> <td align="left" valign="top">SDAX</td> </tr><tr><td align="left" valign="top">Listed:</td> <td align="left" valign="top">Regulated Market in <location value="LU/de..frankf" idsrc="xmltag.org" >Frankfurt</location> (Prime Standard); Regulated Unofficial Market in <location value="LU/de..berlin" idsrc="xmltag.org" >Berlin</location>, <location value="LU/de..dusldf" idsrc="xmltag.org" >Dusseldorf</location>, <location value="LU/de..hambrg" idsrc="xmltag.org" >Hamburg</location>, <location value="LU/de..hanver" idsrc="xmltag.org" >Hanover</location>, <location value="LU/de..munich" idsrc="xmltag.org" >Munich</location>, <location value="LU/de..sttgrt" idsrc="xmltag.org" >Stuttgart</location>, Tradegate Exchange</td> </tr><tr><td align="left" valign="top">EQS News ID:</td> <td align="left" valign="top">846309</td> </tr></table><br/><table border="0"><tr><td align="left" valign="top" colspan="2"/> </tr></table><table border="0"><tr><td align="left" valign="top" colspan="2">&#160;</td> </tr><tr><td align="left" valign="top">End of News</td> <td align="left" valign="top"><org>DGAP News Service</org></td> </tr></table><table border="0"><tr><td> <hr/></td> </tr></table><p> 846309&#160;&#160;24.07.2019&#160; </p> <img src="https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=show_t_gif&amp;application_id=846309&amp;application_name=news&amp;site_id=acquiremedia_html" alt="fncls.ssp?fn=show_t_gif&amp;application_id=846309&amp;application_name=news&amp;site_id=acquiremedia_html" width="0" height="0" border="0"/></body></html>
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