Berlin-based live entertainment group DEAG has announced that it will re-list its shares on the Frankfurt stock exchange in the first quarter of this year, “subject to market conditions”.
Speaking about the proposed listing of the company’s shares, Detlef Kornett, co-CEO, said that DEAG believes there is “enormous growth potential in our business… the road ahead of us is paved with opportunity”, highlighting the company’s “recurring revenues from over 30 festivals, [and] intellectual property created from children’s musicals to light trails”.
DEAG is the owner of UK live promoter Kilimanjaro, Inverness music festival Belladrum, Nottingham-based Gigantic and ticketing company MyTicket.co.uk, and a range of other live music businesses across Europe.
In January 2021, in the midst of the live industry shutdown caused by the global pandemic, DEAG’s largest shareholder Apeiron Investment Group led a syndicate of…
