Sport1 Medien AG sells 50% stake in Sport1 GmbH as part of comprehensive co-operation
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Highlight Event and Entertainment AG / Key word(s): Strategic Company Decision Ad hoc announcement pursuant to Art. 53 LR Pratteln, 23 February 2024 Sport1 Medien AG sells 50% stake in Sport1 GmbH as part of comprehensive co-operation Sport1 Medien AG, a wholly-owned subsidiary of Highlight Communications AG, in which Highlight Event and Entertainment AG in turn holds a 53.03% stake, has tonight agreed a comprehensive co-operation with the international media and entertainment company ACUNMEDYA, based in Istanbul, which includes the sale of 50 percent of the shares in the subsidiary Sport1 GmbH for a purchase price of 30 million Euro. ACUNMEDYA has undertaken to produce its internationally successful entertainment and sports entertainment programmes for Sport1. Highlight Event and Entertainment AG will continue to fully consolidate Sport1 GmbH for accounting purposes. The completion of the transaction is subject to various conditions, in particular media and antitrust approvals. Contact: Highlight Event and Entertainment AG Netzibodenstrasse 23b 4133 Pratteln Investor Relations Phone: +41 41 226 05 97 Fax: +41 41 226 05 98 http://www.hlee.ch End of Inside Information |
| Language: | English |
| Company: | Highlight Event and Entertainment AG |
| Netzibodenstrasse 23b | |
| 4133 Pratteln | |
| Switzerland | |
| Phone: | +41 41 226 05 97 |
| Fax: | +41 41 226 05 98 |
| E-mail: | info@hlee.ch |
| Internet: | www.hlee.ch |
| ISIN: | CH0003583256 |
| Valor: | 896040 |
| Listed: | SIX Swiss Exchange |
| EQS News ID: | 1843515 |
| End of Announcement | EQS News Service |
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1843515 23-Feb-2024 CET/CEST
