DEAG to acquire major stake in Danish promoter CSB
The deal comes after DEAG accepted a takeover from its largest single shareholder, providing the company with "deep pockets" for acquisitions
News By IQ | 26 January 2021
Berlin-based Deutsche Entertainment (DEAG) is increasing its presence in Scandinavia with a 75% stake in Danish promoter and international producer CSB Island Entertainment, via its wholly owned subsidiary DEAG Classics.
CSB, founded in 1994, organises and hosts around 300 events a year and has brought a slate of internationally renowned artists to Scandinavia including Kiss, James Blunt, Sir Elton John and Kylie Minogue.
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The company also holds worldwide rights to productions and shows including The Show – A Tribute to Abba, which has now been performed in around 50 countries worldwide, Queen Machine Symphonic and Disco Tango Eurovision Show.
CSB company founder and CEO Carsten Svoldgaard and COO Kenneth Svoldgaard will remain shareholders and will continue to manage the company in the long term with their team, which will remain…
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