Overview
- Live Nation acquired an additional 24% of OCESA, bringing its total ownership to 75%.
- The purchase agreement extends Live Nation’s option to buy the remaining 25% through 2032.
- The transaction injects over 12,000 million pesos into CIE to reduce debt and support capital needs.
- Alejandro Soberón will continue as OCESA’s CEO under the new terms through 2032.
- The deal awaits approval at CIE’s shareholder meeting and is slated to close by end of August 2025.