MUNICH (dpa-AFX) - Ticket marketer CTS Eventim has secured a majority stake in joint venture France Billet by increasing its shareholding. By exercising options, it has acquired a further 17 percent in the French company, the MDax-listed company announced in Munich on Wednesday after the close of business. CTS Eventim now holds 65 percent of France Billet. The rest remains with the previous partner, the French retail chain Fnac Darty. As soon as the authorities have approved the deal, the company will then be fully consolidated for the first time.

France Billet was founded jointly by CTS Eventim and Fnac Darty in 2019. The latter intends to position itself as a minority shareholder and continue to offer tickets in France through its stores./ngu/he