17.05.2019 11:48:42
|
DGAP-News: SPORTTOTAL: plans to expand throughout Europe
DGAP-News: SPORTTOTAL AG / Key word(s): Expansion Corporate News Cologne/Luxembourg, May 17, 2019. As planned, SPORTTOTAL AG intends to finance the domestic and international growth of its scalable digital business principally on the basis of borrowing in the future: The company's aim is to significantly accelerate its international development without diluting the interests of SPORTTOTAL AG's current shareholders. A first investment fund in the form of a "Reserved Alternative Investment Fund" ("RAIF") that is currently being launched with Groupe Fuchs is expected to provide borrowed capital of initially EUR20 million in the third quarter. sporttotal.tv's expansion is to be promoted and financed in stages and in line with requirements: To this end, further RAIF tranches are to follow on and finance the international expansion in a volume of up to EUR250 million. Amateur football clubs throughout Europe are to be equipped with special video technology which enables sports events to be transmitted live in a high quality and fully automatically using the new "sporttotal.tv" platform. "Interest in numerous international markets is huge. We will initially start in Europe, however, and we are planning to develop the first European markets within the next twelve months," says Peter Lauterbach, CEO of SPORTTOTAL AG. About SPORTTOTAL AG: SPORTTOTAL AG (ISIN: SPORTTOTAL AG (ISIN: DE000A1EMG56), headquartered in Cologne, is a technology and media company on a growth path in the rapidly scalable digital business with video platforms and communities (DIGITAL), in the high-margin national and international project business (VENUES), as well as in the live events business (LIVE). The company, which was founded in 1979, operates a high-traffic portal with strong growth for online sport videos and live streaming. The company equips amateur football clubs with special video technology which enables sports events to be transmitted live in a high quality and fully automatically using the new "sporttotal.tv" platform. SPORTTOTAL AG's service portfolio also comprises the technical equipping of racing circuits and sports facilities, as well as the production and marketing of sports events such as the ADAC TOTAL 24-Hour Race at the Nürburgring. In addition, SPORTTOTAL AG also produces content for prestigious companies such Porsche, Audi, Mercedes/AMG, Red Bull and VW and organises high-calibre live events such as the Porsche Experience. For more information: www.sporttotal.com SPORTTOTAL AG Investor Relations
17.05.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | SPORTTOTAL AG |
Am Coloneum 2 | |
50829 Köln | |
Germany | |
Phone: | +49 (0)221 7 88 77 0 |
Fax: | +49 (0)221 7 88 77 199 |
E-mail: | info@sporttotal.com |
Internet: | www.sporttotal.com |
ISIN: | DE000A1EMG56 |
WKN: | A1EMG5 |
Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange |
EQS News ID: | 812907 |
End of News | DGAP News Service |
|
812907 17.05.2019
Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!
Nachrichten zu SPORTTOTAL AGmehr Nachrichten
06.12.24 |
NACHBÖRSE/XDAX -0,0% auf 20.376 Punkte (Dow Jones) | |
06.12.24 |
EQS-Adhoc: SPORTTOTAL AG: Anpassung der Jahresprognose – Umsatz- und Ergebnisprognose sinken gegenüber Plan (EQS Group) | |
07.10.24 |
EQS-News: STAIDIUM begrüßt Michael Hibbert als Senior Vice President (EQS Group) | |
07.10.24 |
EQS-News: STAIDIUM Welcomes Michael Hibbert as Senior Vice President (EQS Group) | |
01.10.24 |
EQS-News: STAIDIUM appoints Kevin Moore as US Managing Director (EQS Group) | |
01.10.24 |
EQS-News: STAIDIUM ernennt Kevin Moore zum Geschäftsführer für die USA (EQS Group) | |
27.09.24 |
EQS-AFR: SPORTTOTAL AG: Preliminary announcement of the publication of financial reports according to Articles 114, 115, 117 of the WpHG [the German Securities Act] (EQS Group) | |
27.09.24 |
EQS-AFR: SPORTTOTAL AG: Vorabbekanntmachung über die Veröffentlichung von Finanzberichten gemäß § 114, 115, 117 WpHG (EQS Group) |