Fnac Darty: sells 17% stake in France Billet
(CercleFinance.com) - Fnac Darty announces the sale of a 17% stake in France Billet to CTS Eventim, following clearance by the European Commission and the Swiss authorities, as well as consultations with employee representatives.
CTS Eventim informed the distributor of cultural goods, consumer electronics and household appliances in 2023 of its intention to exercise its call option to acquire this stake, in accordance with the agreement initially reached in 2019.
CTS Eventim thus becomes the majority shareholder in France Billet, which will be operated under joint control, with Fnac Darty retaining a 35% stake. France Billet will continue to use the Fnac Spectacles brand and operate ticketing in Fnac stores.
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CTS Eventim informed the distributor of cultural goods, consumer electronics and household appliances in 2023 of its intention to exercise its call option to acquire this stake, in accordance with the agreement initially reached in 2019.
CTS Eventim thus becomes the majority shareholder in France Billet, which will be operated under joint control, with Fnac Darty retaining a 35% stake. France Billet will continue to use the Fnac Spectacles brand and operate ticketing in Fnac stores.
Copyright (c) 2024 CercleFinance.com. All rights reserved.