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EQS-Adhoc: CTS Eventim AG & Co. KGaA: Consent to the proposed settlement in the car toll dispute arbitration proceedings

eqs_en 
0 0 05.07.23
EQS-Adhoc: CTS Eventim AG & Co. KGaA: Consent to the proposed settlement in the car toll dispute arbitration proceedings: http://s3-eu-west-1.amazonaws.com/sharewise-dev/attachment/file/23704/EVE_Logo.svg.png
 

EQS-Ad-hoc: CTS Eventim AG Co. KGaA / Key word(s): Legal Matter
CTS Eventim AG Co. KGaA: Consent to the proposed settlement in the car toll dispute arbitration proceedings

05-Jul-2023 / 17:41 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Ad hoc announcement 

Public disclosure of inside information in accordance with Article 17 of Regulation (EU) No. 596/2014 (Market Abuse Regulation)

Consent to the proposed settlement in the car toll dispute arbitration proceedings

Munich, 5 July 2023. The arbitration tribunal has proposed to autoTicket GmbH and its shareholders and to the Federal Republic of Germany that they bring an end to the arbitration proceedings concerning their car toll dispute by agreeing on payment of compensation for damages totalling EUR 243 million including interest. Today, autoTicket GmbH and its shareholders as well as the Federal Republic of Germany agreed to the arbitration tribunal’s proposed settlement. 

autoTicket GmbH is a joint venture owned in equal shares by CTS EVENTIM AG Co. KGaA and Kapsch TrafficCom AG. A previous decision of the arbitration tribunal in March 2022 had established the validity of the claim for compensation made by autoTicket GmbH and its shareholders.

For further information, please contact:

Head of Corporate Communications:
Carmen Fesenbeck
Tel: +49 (0)40 380788 7299
[email protected]

 

Investor Relations:
Marco Haeckermann
Vice President Corporate Development Strategy
Tel: +49 (0)421 3666 270
[email protected]



End of Inside Information

05-Jul-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
Language: English
Company: CTS Eventim AG Co. KGaA
Rablstr. 26
81669 München
Germany
Phone: 0421/ 3666-0
Fax: 0421/ 3666-290
E-mail: [email protected]
Internet: www.eventim.de
ISIN: DE0005470306
WKN: 547030
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1673555

 
End of Announcement EQS News Service

1673555  05-Jul-2023 CET/CEST

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CTS Eventim AG & Co. KGaA Stock

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EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




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