Highlight Event and Entertainment AG (SWX:HLEE) signed a purchase agreement to acquire an additional 19.71% stake in Highlight Communications AG (XTRA:HLG) from Constantin Medien AG (XTRA:EV4) for 64.6 million on March 22, 2018. Highlight Event and Entertainment acquired approximately 12.42 million shares at a price of 5.2 per share. With the approval of the Group Financing Special Committee of the Supervisory Board, the Management Board of Constantin Medien AG voted to sell the shares.
As a result of the transaction, Constantin Medien's full repayment of the existing corporate bond 2013/2018 is guaranteed. Philipp Grenzebach, Simon Weiß and Christian Krohs of McDermott Will & Emery Rechtsanwälte Steuerberater LLP acted as legal advisors for Constantin Medien.