Infront has divested its 5 per cent shareholding in MATCH Hospitality AG
Zug/Zurich, Switzerland – Infront Sports & Media has sold its 5% shares in MATCH Hospitality AG, the international provider of sports hospitality sales and operations based in Zurich, Switzerland. The agreement was signed already at the end of 2015, and closed in early June 2016. The shares were bought by a private investor, with no relation to Wanda Group, Infront or its subsidiary companies.
The divestment is the result of Infront’s strategic decision made already in 2014 to shift the focus of its service portfolio away from any operational catering and hospitality solutions. At the same time, Infront’s commitment to the marketing of hospitality packages for major sports events remains unchanged, and continues to be an important element of its sales portfolio.