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 2012







GL events Group will submit a proposal to its shareholders to strengthen its equity by approximately €72 million through two successive capital increases. The first for €28.5 million will be reserved for Sofina and the second will be for a maximum amount of €43.4 million maintaining the pre-emptive subscription rights of shareholders. Sofina and Polygone SA will take up this second issue for the amounts of their respective pre-emptive subscription rights.

Within the framework of this issue, GL events, the leading fully integrated provider of event solutions and services and Sofina, a Belgium-based investment holding company listed on the Brussels stock exchange and a traditional partner providing support to entrepreneurs and family investment groups in managing growth companies (, today announced the signature of an investment agreement defining the conditions for an acquisition by Sofina of a minority equity interest in GL events.

Sofina will also acquire a minority interest in Polygone SA, GL events’ controlling holding company, through an acquisition of a block of approximately 4% of Polygone shares from the founders, combined with a reserved capital increase and subscription of an ORA bond issue (obligations remboursables en actions) redeemable in existing GL events shares no later than 2017 for a total amount of €23 million. The proceeds thus raised will be used by Polygone SA to subscribe to the capital increase maintaining the pre-emptive subscription rights of GL events for the amount of its rights.

The proposed reserved capital increase of GL events, as well as the Polygone SA ORA bond issue, will be shortly submitted to the shareholders in an Extraordinary General Meeting. The capital increase with pre-emptive subscription rights will be decided by GL events' Board of Directors within the framework of the delegation of authority granted by the Extraordinary General Meeting of 27 April 2012. A prospectus will be issued for this latter capital increase to be submitted for approval by the French financial market authority (Autorité des Marchés Financiers or AMF) and made public in accordance with applicable regulation.

Completion of these corporate actions, currently programmed for the month of November, is subject to receiving an exemption by the AMF from the obligation to file a public offering proposal concerning GL events that is not contested, as well as obtaining the necessary authorisations from Polygone SA and GL events corporate governance bodies and AMF approval for the prospectus relating to the capital increases of GL events.

Pursuant to these different transactions, Sofina would immediately hold after their completion approximately 8.7% (1) of GL events' capital and 8.4% of Polygone SA's capital. Sofina's acquisition of holdings in the capital of GL events and Polygone SA will result in the conclusion of a shareholders agreement and an action in concert between Sofina and Messrs. Olivier Ginon, Olivier Roux and Polygone SA.

(1) Indicative data based on the share price of GL events on 31 August 2012 according to an assumption whereby this price would remain unchanged.


In line with its strategy, GL events Group intends to leverage its status as a European leader to effectively manage its costs and margins, while taking advantage of development opportunities, particularly in venue management. On this basis, it today intends to accelerate its expansion in major international regions outside of Europe, by developing solid bases in "emerging powers" like Brazil, Russia, China, and selected African and Middle Eastern countries, with Turkey as a priority.

These "emerging powers" have a combined GDP comparable to the European Union and the US, and will host many major sports events over the next 10 years. With their strong economic momentum and improving infrastructures, they should experience exceptional development in their event industry and business tourism markets.

With a very strong track record for many of these destinations, the expertise of its teams and high-quality assets, GL events is well-equipped to pursue rapid, solid and lasting development.

In Turkey, the Group is studying major projects for venue concessions and intends to ramp up expansion in this country of considerable potential, building on its first successful developments in 2011 with the acquisition of Serenas, Turkey's leading PCO, and the management concession for the Congresium Ankara convention and exhibition centre.

At the same time, the Group is pursuing several negotiations within the framework of call for tenders for major event projects in Africa, Gulf countries, Russia and China.



These projects present multiple interests for the Group. They must contribute to accelerating the Group's growth, improving its margins and accelerating the turnover of its assets. To successfully carry out these projects and capture future growth, the Group estimates the amount of funds for development investments by 2016 at €150 million, mainly for "long-term assets" supplemented by reasonably sized company acquisitions, and notably local.

Despite very difficult economic market conditions in Hungary and Italy, the consolidated financial statements of 30 June 2012 highlighted significant improvements in Group margins and cash flow generation, driven by robust growth and highly effective management of overhead costs. With a gearing of 0.75 for equity of €346.3 million, the Group has a solid financial structure with quality assets.

The Group today seeks to achieve the right balance between internal financing, by generating significant cash flows over the 2012-2016 period, and the need to strengthen its equity, both to take advantage of opportunities and position itself for 2013-2016 that includes an exceptional calendar of events. The goal of the two capital increases planned is to achieve this balance.



With the goal of focusing on the most attractive and safest global event destinations, Brazil was selected as one of GL events' priority markets for development.

To this purpose, and in advance of the FIFA World Cup 2014 (preceded by the Confederations Cup 2013) and the 2016 Rio de Janeiro Olympic Games (preceded by the Test Events in 2015), the Group is planning large-scale installations for the Riocentro exhibition park that will be at the centre of these two major events.

The Group has thus signed with the Rio de Janeiro city government a framework agreement providing for the following main items:

• Hosting the Organizing Committee for the FIFA World Cup at Riocentro over 30 months. For this occasion, and until the completion of the works currently underway, these offices have been partially installed in a temporary structure developed by the Group serving as a showcase for GL events' expertise in Brazil;
• Hosting the International Broadcast Centre at Riocentro for which different halls will be outfitted;
• 20,000 m2 of commercial space linked to the activity of the exhibition centre rendered available for marketing;
• The construction of a 306 room hotel under the Mercure franchise. In a local environment with a significant shortage of hotel space, this project will have two objectives: 1) strengthen the visibility and capacity of the convention centre integrated within Riocentro and 2) support major events coming up and the economic development of Rio de Janeiro in general and the Barra di Tijuca urban economic area currently undergoing a phase of strong development.

Over 2013-2014, these contracts represent revenue of more than BRL 100 million (R$m) (€40m).

The Group will also participate in a number of calls for tender for the construction and installation of temporary structures (grandstands, bleachers and tents) for these events as well as the World Youth Day of Rio 2013.

GL events had revenue in Brazil of more than €50 million in 2011 with growth expected to exceed 30% in 2012 to reach sales volume of more than €65 million.


GL events has signed a memorandum of understanding subject to the condition precedent of due diligence to acquire a company specialised in temporary installations for all of Brazil. This company which has revenue of approximately R$50m (€20m) has already worked with the Group with a high degree of professionalism for the recent RIO +20 summit.

Olivier Ginon, Chairman-CEO of GL events, commented: "Today we are proposing our shareholders resolutely positive initiative devoted to financing our development projects of high quality. The penetration of event markets in emerging powers offers considerable promise. GL events, through its well-established local presence and ability to successfully meet the needs of customers, is particularly well-positioned to benefit from these opportunities and, in this way pursue profitable growth and ongoing value creation. We are very pleased that an investor such as Sofina shares and supports this legitimate ambition."




Upcoming events:

An information meeting will be held on Monday, 24 September 2012 at Palais Brongniart (Paris) at 10:00 AM (opening coffee, 9:30 AM) - Salon d'Honneur, 2nd floor.
Access to Palais Brongniart:
Side Entrance: 40 rue Notre Dame des Victoires 75002 Paris
Main Entrance: Place de la Bourse, facing rue Vivienne 75002 Paris

A Meeting Notice for the Extraordinary General Meeting will soon be published in the French publication for legal announcements (Bulletin des Annonces Légales Obligatoires or BALO) and on the website of GL events ( After this Extraordinary General Meeting, and subject to the result of the shareholders' vote, a prospectus for this transaction will be submitted for approval to the AMF.





This press release does not constitute an offer to subscribe for or buy securities of GL events in France, the United States, the United Kingdom, Canada or any other any jurisdiction.

The information contained in this press release may not be used as the basis for a decision on whether or not to acquire or subscribe for securities of GL events. GL events shareholders will be, as applicable, invited to carefully read in full the content of the prospectus that will be submitted for approval to the French Financial Market Authority (Autorité des Marchés Financiers or AMF).

No disclosures or other any information relating to the issue of GL events shares (the "Shares") may be distributed to the public in any jurisdiction where a registration or approval is required. No formalities have been or will be undertaken in any jurisdiction outside France where such measures would be required. The offering or subscription of the Shares may be subject to specific legal or regulatory restrictions in certain jurisdictions. GL events assumes no liability for any violation of any such restrictions by any party whatsoever.

This press release is a notice of a promotional nature and not a prospectus within the meaning of Directive 2003/71/EC of the European Parliament and the Council of 4 November 2003 as amended (to the extent it has been implemented in the relevant Member State of the European Economic Area).

This communication does not, and shall not constitute a public offering nor a solicitation to the public in connection with a public offering. The distribution of this press release in certain countries may constitute a violation under applicable provisions. With respect to European Economic Area Member States other than France having transposed the Prospectus Directive, no measures have been taken and none shall be taken to permit a public offer of securities that are the subject of this press release that would render necessary the publication by GL events of a prospectus in any of Member State other than France. In consequence, the Shares may not be offered and will not be offered in any Member States other than France, except in accordance with the exemptions provided for by Article 3(2) of the Prospectus Directive, if transposed in this Member State or in the other cases not requiring publication by the Company of a prospectus in accordance with the provisions of Article 3(2) of the Prospectus Directive and/or those regulations that apply in this Member State.

For the purposes of this provision, the "Prospectus Directive" refers to Directive 2003/71/EC (and its amendments, including the Directive of 2010 amending the Prospectus Directive, where this latter has been transposed in the relevant Member State), and includes all measures of transposition appropriate in the relevant Member State. The term "Directive of 2010 amending the Prospectus Directive" refers to Directive 2010/73/EU.

United Kingdom: This communication is directed only at persons who (i) are investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, hereafter in the "Financial Promotion Order"), (ii) persons falling within Article 49(2) (a) to (d) (" high net worth companies", "unincorporated associations", etc.) of the Financial Promotion Order, (iii) persons located outside the United Kingdom, or (iv) persons to whom an invitation or inducement to engage in an investment activity (within the meaning of Section 21 of the Financial Services and Markets Act 2000) in connection with the issue or sale of securities may be lawfully communicated, directly or indirectly (all such persons together being referred to as "Relevant Persons"). This document is addressed exclusively to Relevant Persons and may not be used by any person other than a Relevant Person. Any investment or investment activity to which this press release refers is accessible exclusively to the Relevant Persons and only Relevant Persons are authorised to engage in such investments or investment activities.

United States: This press release may not be published, distributed or forwarded to or into the United States (including the States and territories and the District of Columbia). This press release does not constitute an offer of financial instruments in the United States. The Shares and the pre-emptive subscription rights have not been and will not be registered within the meaning of the U.S. Securities Act of 1933 as amended (the "Securities Act") and may not be offered or sold to or within the United States except through the exemptions provided for under the Securities Act. GL events does not intend to register all or part of the offering in the United States or proceed with a public offering in the United States.

The information contained in this press release does not constitute an offer of securities in the United States of America, Canada, Japan or Australia.

This press release may not be published, forwarded or distributed, directly or indirectly in the United States of America, Canada, Australia or Japan.

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 :

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


Erick Rostagnat - Managing Director Corporate Finances and Administration:
Tel : +33(0)4 72 31 54 20


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