Vivendi: sells activities to CTS EVENTIM for E300m
(CercleFinance.com) - Vivendi announces that it has completed the sale of its international festival and ticketing activities to CTS EVENTIM for approximately E300m.
The activities acquired by CTS EVENTIM represented sales of E137m in 2023, of which approximately E105m came from ticketing, with EBITDA of E26m.
Most of the sales were generated in the UK, followed by the US market, and the festivals concerned generated additional sales of E32m.
This transaction offers new development opportunities for Vivendi's festival portfolio and See Tickets internationally, while maintaining relationships with their partners.
The venue activities of Vivendi and See Tickets France are not included in this agreement.
Copyright (c) 2024 CercleFinance.com. All rights reserved.