GL events
Welcome to the world of events!
As a leading global player in the events sector, GL events operates in the three main events markets: congresses and conventions, sporting, cultural and political events, and trade shows and consumer fairs.
© Odile Decq architect / Felice Varini – Nicolas Rodet
GL events
Commonwealth Games Gold Coast 2018
GL events, official supplier of temporary grandstand seating for the Gold Coast 2018 Commonwealth Games in Australia. A total of 60,000 temporary seats were installed in thirteen venues.
Commonwealth Games   Gold Coast 2018
Matmut Stadium Inauguration
The project to renovate and modernise the Matmut Stadium in Gerland, launched by Olivier Ginon, the Chairman of GL events, highlights the Group's expertise in terms of engineering, architecture and asset management. The stadium is now home to the LOU Rugby team.
© Nicolas Rodet
Matmut Stadium Inauguration
Geek and Games at the Riocentro
Brazil’s largest event devoted to pop culture and video games is organised and hosted by GL events at the Riocentro, in Rio de Janeiro.
© Light Press 2017
Geek and Games at the Riocentro
Cannes Film Festival
For more than 20 years, GL events has been providing top-of-the-range, tailor-made services for one of the world's most prestigious film festivals.
© Alexandra Fleurantin
Cannes Film Festival
Equita Lyon
The Lyon Equestrian Show, organised and hosted by GL events at Eurexpo, is the largest indoor equestrian event in France.
© Gilles Galoyer
Equita Lyon
"Nuits Sonores" Music Festival
GL events provides the audiovisual services for this major electronic music festival!
© Laure Rousville
"Nuits Sonores" Music Festival
Sirha Green
The first trade fair devoted to ecological food-services. Organised and hosted by GL events, the event brings together the sector’s professionals to address the issues of social and environmental responsibility.
© Diph Photography
Sirha Green
Première Vision Paris
Organised and hosted by GL events, the reference event for the fashion world was held at the Maison de la Mutualité in Paris. It owes its success to its avant-garde selection, bringing together many new products, services and innovations.
© Alexandra Fleurantin
Première Vision Paris
Light Festival Lyon
GL events Audiovisual, an official partner and service provider to the Lyon Light Festival, draws on its expertise and talent for several artistic projects in various venues during this international event.
© Thierry Perre / Partners’ Club of the ‘Fête des Lumières’ / Lyon Light Festival 2017
Light Festival Lyon
Back to Press releases 2009

Disposal of real estate assets in Turin and Budapest


GL events Group today confirms the imminent sale to Foncière Polygone of real estate holdings, namely the Budapest Exhibition Park, Hungexpo and the Turin Convention and Exhibition Centre, Lingotto Fiere. This disposal will enable the Group to reduce its net financial debt by €83 million.

GL events will pay annual rent of €6.7 million before the investment of cash and tax savings that will provide a gross rate of return of 7.2% for the property company. For the 2010 full year, current operating income before tax is expected to decline by approximately €0.4 million or less than 1.5% of the revenue generated by these two sites.

To safeguard GL events' interests, an ad hoc committee was formed chaired by Nicolas de Tavernost, Chairman of the Executive Board of the M6 Group, with two other independent directors, André Perrier, former Executive Officer of Société Générale, and Philippe Marcel, former Chairman of Adecco France.

Prior to this transaction, the committee appointed two of the worlds leading real estate service and appraisal firms, Colliers International and American Appraisal, to perform valuations of the fair value of these real estate assets and define the procedures for their disposal.

The proceeds of this disposal will enable GL events to accelerate its deleveraging and provide it with additional resources to act on growth opportunities and pursue its development.

 

Upcoming events:
2009 third-quarter results: 20 October 2009 (after the close of trading)

 

 

 


 

GL events, bringing people together

Managing Director Corporate Finances and Administration : Erick ROSTAGNAT
Telephone :  + 33 4 72 31 54 20
Fax : + 33 4 26 20 42 00
Email : infos.finance@gl-events.com


Code ISIN : FR0000066672
Code Bloomberg : GLO FP
Code Reuter : GLTN.PA
Code FTSE : 581
Code LEI : 9695002PXZMQNBPY2P44

Contacts

Erick Rostagnat - Managing Director Corporate Finances and Administration:
info.finance@gl-events.com
Tel : +33(0)4 72 31 54 20

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2017


2009 press releases archives