DEAG agrees takeover offer, plans to delist stock
Going private after 23 years will give Deutsche Entertainment greater resources for future acquisitions, CEO Peter Schwenkow tells IQ
News By IQ | 11 January 2021
Deutsche Entertainment Group AG (DEAG) has announced plans to take its stock private as part of a takeover bid valuing the German live entertainment company at just over €60 million.
The Berlin-based promoter and ticket agency, which has interests in Germany, Switzerland, the UK and the Republic of Ireland, intends to delist from Frankfurt’s Xetra stock exchange after 23 years as a public company.
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Plans for the delisting come after DEAG’s management board, led by CEO Peter Schwenkow, accepted a takeover offer from the company’s largest single shareholder, Apeiron Investment Group, and its Malta-based subsidiary Musai Capital.
According to a market notice issued by DEAG this morning (11 January), all members of the management team will stay in place following the acquisition, and all…
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