Live Nation expands ownership stake in Ocesa

The company has secured an additional 24% of the Mexico City-headquartered promoter, taking its overall stake to 75%

Live Nation is expanding its investment in Latin America’s largest promoter Ocesa with the  purchase of an additional 24% stake, amid Mexico’s ascent to the third largest live music market in the world.

Corporacion Interamericana de Entretenimiento (CIE) will retain a 25% stake in Ocesa, and the put/call agreement for the remaining stake has shifted to 2032.

According to Live Nation, the “highly accretive” investment, which takes its stake in the company to 75%, will reduce ongoing partner dividend cash…

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