BRIEF

on GL EVENTS (EPA:GLO)

GL Events to Manage Marseille Chanot in Consortium with CCIAMP

Stock price chart of GL EVENTS (EPA:GLO) showing fluctuations.

GL events has been granted the concession to manage Marseille Chanot Exhibition and Convention Centre through a consortium with CCIAMP Infrastructures. This decision, approved by the Marseille City Council on 12 December, initiates a three-year partnership starting January 2025. The collaboration aims to enhance Marseille's status as a business tourism hub in the Mediterranean and Europe.

The consortium plans to establish a dedicated company, with GL events holding a 75% stake and CCIAMP Infrastructures 25%. This new entity will focus on transforming Marseille Chanot into a premier event destination by redesigning the facilities with sustainability in mind. The Centre currently generates €16 million annually and employs around 40 people.

The involvement of CCIAMP Infrastructures, a subsidiary of the Aix-Marseille-Provence Metropolitan Chamber of Commerce and Industry, will reinforce the project through local business connections and expertise in event management. GL events intends to leverage its extensive experience to innovate and relaunch significant events like the Marseille International Fair.

R. E.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all GL EVENTS news