Dusseldorf court confirms ban on CTS’s Four Artists acquisition
The city's Higher Regional Court has rejected CTS Eventim's appeal against the Cartel Office kibosh on its takeover of Four Artists
News By | 10 December 2018
A Dusseldorf court has rejected an appeal by CTS Eventim that sought to overturn the block on its acquisition of German promoter Four Artists.
Eventim, Europe’s largest ticket agency, announced in March 2017 it planned to acquire Four Artists, a Berlin-based promoter and booking agency which organises more than 2,000 shows annually, as well as a number of festivals, to bolster its events division.
The acquisition was unexpectedly torpedoed that November by Germany’s competition watchdog, the Federal Cartel Office (Bundeskartellamt…
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