CTS Eventim has 34 mln euros deposited at closed Austrian bank

Frequentis AG

16/07/2020 07:30

VIENNA, July 16 (Reuters) - German ticket seller CTS Eventim
 EVDG.DE  said it had 34 million euros ($39 million) deposited
at Austria's Commerzialbank Mattersburg, which has been ordered
to close, via its Barracuda Holding unit.
    CTS Eventim shares were down 3.3% in premarket trade on
Thursday.          
    Commerzialbank Mattersburg, a small regional lender in the
province of Burgenland with around 60,000 customers, was ordered
to shut immediately on Wednesday by Austrian financial regulator
FMA after it discovered balance sheet irregularities.
    Commerzialbank is also prohibited from paying out deposits. 
    "Both Eventim and Barracuda continue to monitor the         
situation very closely and will take all necessary measures to
protect their rights," the German company said.  
    Austrian technology firm Frequentis  FQT.VI  has said it
held deposits of more than 56 million euros at Commerzialbank,
and Energie Burgenland  BRGEL.UL  has warned that its 2019/20
earnings will be affected in a "mid-single digit million euro"
range due to Commerzialbank's closure.  urn:newsml:reuters.com:*:nFWN2EM0H9 urn:newsml:reuters.com:*:nFWN2EM0F6 
  
    Deposits of up to 100,000 euros per person are covered under
Austria's ESA deposit protection scheme. 
    ESA will contact all customers via mail in the coming days
to ask for another current account number and transfer the
money, ESA managing director Stefan Tacke said in an interview
with ORF radio on Thursday.
    ($1 = 0.8774 euros)

 (Reporting by Kirsti Knolle; editing by Jason Neely)
 ((kirsti.knolle@thomsonreuters.com; +43 1 2530 1650 13;))