BERLIN (CelebrityAccess) — German live entertainment company Deutsche Entertainment Aktiengesellschaft (DEAG) is backing away from its previously announced plans to re-list on the Frankfurt Stock Exchange.
According to DEAG, the company decided to push pause on the relist plans after “numerous conversations” with investors that resulted in overwhelming positive feedback – on the growth of the company and on new entertainment formats.
Additionally, DEAG noted that it is in “advanced conversations” with several potential acquisition targets that align with its growth strategy, particularly in the ticketing industry.
DEAG also alluded to the current market conditions in Germany, which is facing challenges amid a decline in GDP of .3% in 2023.
“For this reason, the Management Board has decided to continue conversations with investors at a later date,…
