DEAG completes acquisition of a majority stake in the British promoter KILIMANJARO LIVE

Berlin, (PresseBox) - DEAG Deutsche Entertainment AG ("DEAG"), Berlin (ISIN DE000A0Z23G6, Securities Identification Number WKN A0Z23G), has successfully completed this evening the negotiations about the acquisition of a 51 percent stake in the British concert, tour and festival promoter KILIMANJARO LIVE and its subsidiary TWIN PEAKS Ltd and executed the acquisition through its subsidiary DEAG Concerts GmbH. The purchase price of almost EUR 4.0 million might increase subsequently, depending on the future business development of the company between 2014 to 2017.

DEAG Deutsche Entertainment AG

DEAG Deutsche Entertainment AG is a leading provider of live entertainment and the largest promoter of high-margin classical music events in Europe. With affiliated companies in Germany, the United Kingdom, Switzerland and Austria, DEAG stages more than 1,500 events per year in the fields of Rock/Pop, Classical Music, German Hit Songs & Middle-of-the-Road Music as well as Family Entertainment and sells more than 3.5 million tickets.

As an integrated Entertainment Content company DEAG covers the entire value chain within the framework of its 360 degree approach. The shares of DEAG (ISIN DE000A0Z23G6) are listed in the Prime Standard of the Frankfurt Stock Exchange.

Press releases you might also be interested in

Subscribe for news

The subscribtion service of the PresseBox informs you about press information of a certain topic by your choice at a choosen time. Please enter your email address to receive the email with the press releases.

An error occurred!

Thank you! You will receive a confirmation email within a few minutes.


I want to subscribe to the gratis press mail and have read and accepted the conditions.