Parcom sells See Tickets UK to Vivendi
23 August 2011Parcom sells See Tickets UK to Vivendi.
Parcom has successfully exited its stakes in the European See Tickets group that it acquired in 2008. In July 2010 the German activities were sold to CTS Eventim for a consideration of €145 million. In February 2011 Parcom sold its stakes in the Dutch, Belgium, French, Austrian and Spanish operations to Stage Entertainment after which Parcom became the owner of 100% of the shares in See Tickets UK.
See Tickets UK is a leading player in the UK ticketing market with particularly strong positions in the theatre and live music segments. See Tickets UK was sold to Vivendi in August 2011 for a selling price of £94 million (enterprise value).
