EQS-Ad-hoc: CTS Eventim AG & Co. KGaA / Key word(s): Legal Matter Ad hoc announcement 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:
Investor Relations: End of Inside Information
05-Jul-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | CTS Eventim AG & Co. KGaA |
Rablstr. 26 | |
81669 München | |
Germany | |
Phone: | 0421/ 3666-0 |
Fax: | 0421/ 3666-290 |
E-mail: | info@eventim.de |
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 |
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1673555 05-Jul-2023 CET/CEST