CTS Eventim: Activist Investor Ananym From the USA Enters
3 Articles
3 Articles
US activist investor Ananym Capital has taken a stake in Germany's CTS Eventim and is pushing Europe's largest ticketing company to make changes that the fund says could significantly increase its value for shareholders. CTS Eventim sells concert tickets for global artists such as Taylor Swift, Ed Sheeran and Iron Maiden and organises major festivals including Rock am Ring and Rock im Park. The German group has a market capitalisation of around …
Ananym co-founder Charlie Penner considers Europe's largest ticket marketer CTS Eventim to be undervalued. With his investment, he wants to strengthen investor confidence again.
CTS Eventim is Europe's largest ticket marketer, for example for concerts by Taylor Swift, Ed Sheeran or Iron Maiden.
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