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]
05-Jul-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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CTS Eventim AG & Co. KGaA DE0005470306