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F Marc de Lacharriere Fimalac SA Acquires 50% Stake in Fnac SA's Kyro to Jointly Develop Ticketing Solutions and Acquire Datasport

Tuesday, 29 Oct 2013 03:45am EDT 

F Marc de Lacharriere Fimalac SA (Fimalac SA) announced that it is joining forces with Fnac SA by acquiring 50% of Kyro, a subsidiary of France Billet (member of the Fnac SA group) that offers ticketing solutions for entertainment professionals, venue operators and show producers. The shares will be acquired through a rights issue and the proceeds will be used by Kyro to finance the acquisition of Datasport (DSP), a sports event ticketing company. Together, Fnac SA and Fimalac SA will support the development of Kyro's business in the entertainment segment, while the acquisition of Datasport will allow the two partners to strengthen their position in sports events. The combined business will provide entertainment and sports event professionals with a full range of ticketing solutions, including software, on-line sales, access control and ticket exchange solutions. The transaction is subject to approval by France's anti-trust authorities. Financial details were not disclosed. 

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