DGAP-Adhoc: CTS Eventim AG: Federal Cartel Office to conduct retrospective review of See Tickets Germany GmbH takeover

CTS Eventim AG / Miscellaneous

18.08.2010 11:23 

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Ad-hoc announcement

Federal Cartel Office to conduct retrospective review of See Tickets
Germany GmbH takeover / CTS EVENTIM AG cooperates, remains convinced that
no obligation to notify exists

Munich, 18 August 2010. CTS EVENTIM AG, which is listed on the SDAX
exchange (ISIN DE0005470306), has received a request for information from
the German Federal Cartel Office regarding the 100% takeover of See Tickets
Germany GmbH, effected in early July 2010. In its request, the Cartel
Office informed the company that it is planning to conduct a retrospective
review to determine whether there was possibly any obligation under merger
control regulations to notify the Office of the acquisition.

On 06.07.2010, CTS EVENTIM AG 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. A review of the takeover by
specialised merger control lawyers prior to conclusion of the takeover deal
concluded that the transaction did not need to be notified to the
authorities due to the revenue and ownership situation on the date the
acquisition took effect. To check this, the Federal Cartel Office has now
requested detailed information on the merger and on the participating
undertakings.

In view of the unchanged legal and material situation, CTS EVENTIM AG
continues to assume that the transaction does not come under Section 35 ff.
of the law against restraints on competition (GWB). The Management Board
will be supporting the Federal Cartel Office in its investigations and will
promptly provide any information that may be required. 'We are confident
that, after detailed examination of all the facts, the Federal Cartel
Office will reach the same conclusion as we did', commented CEO Klaus-Peter
Schulenberg.

For further information contact: 
Volker Bischoff, CFO, CTS EVENTIM AG, +49 (0)421-3666-233


18.08.2010 11:23 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]

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Language:     English
Company:      CTS Eventim AG
              Dingolfinger Str. 6
              81673 München
              Deutschland
Phone:        0421/ 3666-233
Fax:          0421/ 3666-290
E-mail:       claudia.aderhold@eventim.de
Internet:     www.eventim.de
ISIN:         DE0005470306
WKN:          547030
Indices:      SDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Hamburg, München, Düsseldorf, Berlin, Hannover, Stuttgart
 
End of News                                     DGAP News-Service
 
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