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BRIEF-DEAG to buy British event promoter Flying Music
August 18, 2017 / 3:22 PM / a month ago

BRIEF-DEAG to buy British event promoter Flying Music

Aug 18 (Reuters) - DEAG DEUTSCHE ENTERTAINMENT AG:

* DGAP-ADHOC: DEAG TO ACQUIRE BRITISH EVENT PROMOTER FLYING MUSIC

* ACQUIRING 60% OF SHARES OF BRITISH PROMOTER FLYING MUSIC GROUP HOLDING

* PURCHASE PRICE OF APPROXIMATELY GBP 5.0 MILLION WILL POSSIBLY INCREASE LATER,

* IN FY 2016/2017, FLYING MUSIC GROUP GENERATED SALES OF AROUND EUR 20 MILLION

* WITH FUTURE SALES CONTRIBUTION OF FLYING MUSIC GROUP, DEAG GROUP‘S SALES IN UK TO INCREASE TO OVER EUR 100 MILLION IN 2018 Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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