Cheseaux, Switzerland – February 19, 2010 - The Kudelski Group (SIX: KUD.VX) today announced that it has sold its 28% equity in Ticketcorner. The Kudelski Group had sold its majority stake in Ticketcorner in December 2005 to Capvis and kept a 28% equity since then. The remaining stake represented a pure financial investment with no operational role for Kudelski.
The buyer - Eventim – will refund to Kudelski a total of CHF 26.5 million loan outstanding as of end of 2009 and 2010 interest at closing. The closing is expected to take place in the first half of 2010.
The transaction will lead to a net cash inflow of over CHF 30 million for Kudelski, to be effective in the first half of 2010. With this transaction, Kudelski fully ends its financial engagement with Ticketcorner
About The Kudelski Group
The Kudelski Group (SIX: KUD.VX) is a world leader in digital security and convergent media solutions for the delivery of digital and interactive content. Its technologies are used in a wide range of services and applications requiring access control and rights management to secure the revenue of content owners and service providers for digital television and interactive applications across broadcast, broadband and mobile delivery networks. The Kudelski Group is also a world technology leader in the area of access control and management of people or vehicles to sites and events. It additionally offers professional recorders and high-end Hi-Fi products. The Kudelski Group is headquartered in Cheseaux-sur-Lausanne, Switzerland. Please visit www.nagra.com for more information.
(contact for general interest media)
Head of Corporate Communications
+41 21 732 01 81
(contact for investors and financial analysts)
Head of Investor Relations
+41 21 732 01 24