Estonia: Piletilevi Group to buy Romanian ticket sales company

Estonian ticket sales platform Piletilevi Group will acquire majority ownership of Romania’s oldest ticket sales company, Departamentul Logistic Event (Bilete.ro), BNS reports. Under the deal, Piletilevi Group will acquire 80.2% of shares in Bilete.ro, with current shareholders retaining 19.8% ownership. Andreea Pop will continue as CEO of Bilete.ro, which employs 40 people. The company, which sells over 1.5 million tickets per year, has a 30% market share in Romania. Sven Nuutmann, co-owner and CEO of Piletilevi Group, said that the group continued to look for expansion opportunities in Romania and in neighbouring countries.