PARIS (CelebrityAccess) — CTS Eventim announced it has completed the acquisition of an additional 17% stake in French ticketing platform France Billet from Fnac Darty.
The deal, first announced in 2023, will see CTS Eventim become the majority stakeholder in France Billet, which will continue to be jointly operated with Fnac Darty, who retains a 35% stake in France Billet.
According to Eventim, France Billet’s current management team will remain in place following the ownership change. Starting in December, France Billet will be fully consolidated in the financial results of CTS EVENTIM.
France Billet will continue to use the Fnac Spectacles brand and operate ticketing in Fnac stores, following the ownership change.
Eventim has been a partner with Fnac Darty in France Billet since 2019, when Eventim merged its French operations with the company.
“We are delighted with the successful completion of the deal between France Billet and CTS Eventim. The success of their collaboration on ticketing for the Olympic Games marked a key milestone, demonstrating the relevance of this operation,” stated Enrique Martinez, Chief Executive Officer of Fnac Darty. “We are convinced of the promising future of France Billet alongside one of the world leaders in ticketing, to create value and innovate in the service of the spectator experience. As a minority shareholder, we will continue to actively support the ticketing business in France through our points of sale and the Fnac Spectacles brand.”
“This transaction marks another important milestone in our long-standing and successful partnership with Fnac Darty. By becoming the majority shareholder of France Billet, we are well-positioned to unlock further potential in the dynamic French ticketing market and to strengthen our presence in this key region,” added Klaus-Peter Schulenberg, Chief Executive Officer of CTS Eventim.
