Munich, 07. December 2012. The German antitrust authority (Bundeskartellamt) yesterday has cleared the acquisition of Arena Management GmbH (AMG), which is the operator of Lanxess Arena in Cologne, by CTS EVENTIM AG. The transaction is now to be completed soon.
Owned by a real-estate fund, Lanxess Arena is one of the biggest and most successful venues globally with capacity of up to 20,000 and up to 1.8m visitors annually. Scores of concerts (i.e. Madonna, Udo Lindenberg and Lady Gaga), well-known TV productions (i.e. Germany’s Next Top Model) as well as family entertainment and comedy shows are hosted in the venue. Furthermore, Lanxess arena is home of the Bundesliga ice hockey team KEC Kölner Haie and a preferred venue for stock-listed companies to host their AGM like Deutsche Telekom AG and Lanxess AG, which is the holder of the naming rights since 2008.
About CTS EVENTIM
CTS EVENTIM AG, listed in the SDAX index (ISIN DE0005470306), is Europe’s market leader in ticketing and one of the leading providers of Live Entertainment. More than 100 million tickets for well over 150,000 events are sold annually using systems developed and marketed by the EVENTIM Group. In addition to more than 20,000 stationary outlets throughout Europe, sales via the Internet and especially via thewww.eventim.de and www.getgo.de portals are gaining increasing importance.