Mean Fiddler is expanding into Germany with the purchase of a 25% stake in the 'Bizarre' music festival.
The company has the option to increase its shareholding to 50% by 2004.
Melvin Benn, Mean Fiddler's chief executive, said: "The shareholding in Bizarre is the first step in Mean Fiddler's expansion into mainland Europe. It provides us with an established and well-managed festival brand in Europe's largest music market after the UK.
"This will enable the company to increase profits from its August festivals by building the audience base. We will be looking to acquire and develop more festivals in the near future by expanding into other European markets."
The company has the option to increase its shareholding to 50% by 2004.
Melvin Benn, Mean Fiddler's chief executive, said: "The shareholding in Bizarre is the first step in Mean Fiddler's expansion into mainland Europe. It provides us with an established and well-managed festival brand in Europe's largest music market after the UK.
"This will enable the company to increase profits from its August festivals by building the audience base. We will be looking to acquire and develop more festivals in the near future by expanding into other European markets."
