DGAP-Adhoc: CTS Eventim AG & Co. KGaA: Consortium of CTS EVENTIM and Kapsch TrafficCom to be commissioned to collect German passenger vehicle toll

2018. december 19., szerda, 14:36





DGAP-Ad-hoc: CTS Eventim AG & Co. KGaA / Key word(s): Joint Venture


CTS Eventim AG & Co. KGaA: Consortium of CTS EVENTIM and Kapsch TrafficCom to be commissioned to collect German passenger vehicle toll


19-Dec-2018 / 14:36 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




AD HOC ANNOUNCEMENT

Consortium of CTS EVENTIM and Kapsch TrafficCom to be commissioned to collect German passenger vehicle toll



Munich/Vienna/Berlin, 19 December 2018. The German Federal Ministry of Transport and Digital Infrastructure as the responsible contracting authority has informed CTS EVENTIM AG & Co. KGaA and Kapsch TrafficCom AG about its intention to award the contract regarding the collection of the German infrastructure charge ("passenger vehicle toll") to a joint consortium of both companies.



CTS EVENTIM and Kapsch TrafficCom have taken part in the EU-wide tender for this project. The operating company shall be a joint venture in which both companies hold an equal stake of 50 percent and which is expected to be consolidated at equity.



According to the regular time frames of German procurement law for the required notification of the losing bidders, the award of the contract is not possible before 30 December 2018. Should a losing bidder make use of their legal protection rights and, thus cause a prohibition of the award, the outcome of the legal proceedings under public procurement law would need to be further waited for.



The contract between the Federal Republic of Germany and the operating company commences with the binding statement of award and has a base term of twelve years starting with the first collection of the infrastructure charge. The principal can extend the contract once for three years or three times by one year (hence, up to a total term of 15 years). For the operating company (i.e. the joint venture), the total contract volume throughout the minimum term of the contract amounts to almost two billion euros including VAT.



About CTS EVENTIM

CTS EVENTIM is one of the leading international providers of ticketing services and

live entertainment. In 2017, more than 250 million tickets were marketed using the company"s systems - through stationary box offices, online or mobile. Its online portals operate under brands such as eventim.de, oeticket.com, ticketcorner.ch, ticketone.it, and entradas.com. The EVENTIM Group also includes many concert, tour and festival promoter companies for events like "Rock am Ring",
"Rock im Park", "Hurricane", and "Southside". In addition, some of Europe"s most renowned venues are operated by CTS EVENTIM, for example the LANXESS arena in Cologne, the Waldbühne in Berlin and the EVENTIM Apollo in London. CTS EVENTIM AG & Co. KGaA (ISIN DE 0005470306) has been listed on the stock exchange since 2000 and has been a member of the MDAX segment since 2015. In 2017, its 3,020-strong workforce generated more than one billion euros in revenues in 23 countries.

For further information, contact:

CTS EVENTIM

Corporate Communications: 

Christian Steinhof 

Head of Corporate Communications 

Tel.: +49.40.380788.7299 


christian.steinhof@eventim.de 

Investor Relations:

Marco Haeckermann

Vice President Corporate Development & Strategy
Tel.: +49.421.3666.270

marco.haeckermann@eventim.de











19-Dec-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: CTS Eventim AG & Co. KGaA

Rablstr. 26

81669 München

Germany
Phone: 0421/ 3666-233
Fax: 0421/ 3666-290
E-mail: tatjana.wilhelm@eventim.de
Internet: www.eventim.de
ISIN: DE0005470306
WKN: 547030
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange





 
End of Announcement DGAP News Service




760343  19-Dec-2018 CET/CEST







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