CTS Eventim acquires FKP Scorpio majority stake
The ticketing giant has increased its shareholding in FKP Scorpio to 50.2%, once again giving it a controlling interest in the German promoter
News By | 2 June 2016
CTS Eventim has increased its stake in FKP Scorpio to 50.2%, once again becoming the majority shareholder in the Hamburg-based concert and festival promoter.
It held the same share of FKP Scorpio from July 2000 to July 2010, when it decreased its holding to avoid difficulties with the Federal Cartel Office after acquiring See Tickets Germany. As to how re-increasing its stake doesn’t put it back in the same situation, a spokesman tells IQ: “CTS Eventim is of course aware of antitrust laws and acts in strict accordance with them. […] The current transaction is subject to clearance by the competent antitrust authorities.”
Eventim, Europe’s largest ticketing company, says the acquisition provides a “valuable growth platform to strengthen ties with its customers beyond ticketing” and gives it “direct access” to…
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