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Ettevõte AS Ekspress Grupp
Tüüp Korraldatud teave
Kategooria Muud korporatiivtoimingud
Avaldamise aeg 05 juuni 2019 08:00:00 +0300
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Valuuta
Pealkiri AS Ekspress Grupp acquires a Latvian ticketing service platform company SIA Biļešu Paradīze
Tekst
On  June 4, 2019, A/S ?Delfi", 100% subsidiary of AS Ekspress Grupp, has through
its  subsidiaries  SIA  Delfi  Tickets  and  SIA  Delfi Tickets Service signed a
contract  to acquire a 100% of shares in Latvian ticketing  platform company SIA
Bi?eshu Parad?ze.

SIA  Bi?eshu Parad?ze operates the  electronic ticket platform (bilesuparadize.lv
(https://www.bilesuparadize.lv/en/))  and box  offices to  organise the  sale of
tickets  to  various  entertainment  events  on  behalf of event organisers. The
company  has provided online  ticket distribution for  more than 15 years and is
one  of the two leading ticket service  providers in Latvia. In 2018, SIA Bi?eshu
Parad?ze  sold tickets for  more than 7,000 events.  Among SIA Bi?eshu Parad?ze's
customers  are  prominent  cultural  and  entertainment  institutions as well as
independent  event  organisers  in  Latvia.  The  main  founders  of  SIA Bi?eshu
Parad?ze, J?nis Daube and ?riks Na?ivaiko, will continue active participation in
management  of the company. The parties have agreed not to disclose the price or
other conditions of the transaction.

The aim of the acquisition is to:

  * expand into new areas with the focus on increasing the share of group's
    digital revenues;
  * increase the group's return on capital and realise synergies with adjacent
    businesses to existing media operations
  * strengthen the core existing activities and to support the group in carrying
    out the digital transformation;
  * develop the group's diversified digital business footprint.

The  transaction was partially funded with the respective loans from AS Citadele
banka and Aktiva Finants OÜ (100% owned by main shareholder Hans H. Luik).

The  transaction is not to be treated as a significant transfer for the purposes
of  the "Requirements  for Issuers"  section of  the NASDAQ Tallinn Stock Market
rules.  AS Ekspress Grupp confirms that neither AS Delfi nor AS Ekspress Grupp's
management  board  and  supervisory  board  members  are  in  any way personally
interested in the transaction.

A/S   Delfi   manages   the   most   popular   Latvian   news   portal  delfi.lv
(https://www.delfi.lv/).  It  has  more  than  800 thousand monthly users. Since
2007, A/S Delfi belongs to the media group AS Ekspress Grupp.

Additional information: Mari-Liis Rüütsalu Ekspress Grupp, CEO

Signe Kukin
Group CFO
AS Ekspress Grupp
+372 669 8381
signe.kukin@egrupp.ee (mailto:signe.kukin@egrupp.ee)

AS  Ekspress Grupp  is the  leading media  group in  the Baltic States whose key
activities  include web media  content production, publishing  of newspapers and
magazines  and provision of printing services  in Estonia, Latvia and Lithuania.
Ekspress  Grupp that launched  its operations in  1989 employs 1700 people, owns
leading  web media portals in  the Baltic States and  publishes the most popular
daily  and  weekly  newspapers  as  well  as  the  majority  of the most popular
magazines in Estonia.