Superstruct ups ownership stake in Wacken Open Air to almost 90%

The festival's co-founder tells IQ a recent transfer of shares to Superstruct was planned as part of its original deal with the company in 2019

Wacken Open Air © ICS Festival Services

Superstruct has increased its ownership stake in Wacken Open Air (WOA) to almost 90%, with co-founder Thomas Jensen revealing the move comes as part of a “long-term” agreement dating back to the company’s first involvement with the festival.

After Jensen and co-founder Holger Hübner reduced their stakes from 15.5% down to 5% holdings in the event, Jensen tells IQ the pair are “fully committed” to continuing to develop WOA, one of Germany’s largest music festivals.

He also reveals that since…

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