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Business News Deals Live Business
CTS Eventim takes majority stake in another Italian promoter
By Andy Malt | Published on Monday 5 February 2018
German ticketing and concerts business CTS Eventim has taken a 60% stake in Italian promoter D’Alessandro E Galli, as the company continues to rapidly grow its interests in the country’s live industry.
In a statement, CTS Eventim CEO Klaus-Peter Schulenberg said: “With TicketOne, we have been the leading ticketing provider in Italy for more than ten years. Now we have progressed, within a very short period, to become the market leader in the live entertainment segment as well”.
He continued: “This is a milestone in our internationalisation strategy. The Italian market is one of the most diversified and attractive in Europe, and there can hardly be a promoter that symbolises its creativity and vitality as much as D’Alessandro E Galli”.
Last September, CTS Eventim acquired Italian promoter Vertigo, and subsequently took a majority stake in another, Friends & Partners, in November.
