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Munich, 28 March 2011. The German Federal Cartel Office (Bundeskartellamt) has abandoned the merger control proceedings started in August 2010 against CTS EVENTIM AG, which is listed on the SDAX index (ISIN DE0005470306). The Office had conducted a retrospective review to determine whether there was an obligation under merger control regulations to notify the Office of the acquisition.
On 06 July 2010, CTS EVENTIM AG had acquired from Amsterdam based See Tickets International BV all of the shares in See Tickets Germany, which also owns Ticket Online Software GmbH, Ticket Online Sales & Service Center GmbH and Ticket Online Polska Sp zoo, Poland.
In its resolution to close the proceedings, the Office now specifically states that the requirements for a decartelisation of the merger do not exist. The closing of the acquisition can therefore go ahead as planned.
