Thursday June 4, 2020

Competition body deepens inquiry into MCD takeover by LN-Gaiety

30th September, 2018
MCD founder Denis Desmond

The competition watchdog has deepened its investigation into the planned takeover of concert promoter MCD by LN-Gaiety, a joint venture company owned by MCD founder Denis Desmond, his wife Caroline Downey and Live Nation.

The CCPC is seeking further information on the nature of the deal, which was submitted for approval a month ago and would give Live Nation control of the Ireland, Britain and Europe gig and festival operator.

Although the CCPC would not...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The former NTMA head says he is ‘quite alarmed’ at the potential for legal actions over the large number of deaths in nursing homes during the crisis

Michael Brennan | 1 month ago

Oil storage in the self-styled ‘Pipeline Crossroads of the World’ is full to the brim, but the black stuff keeps on coming. With much of the world’s economy in a Covid-19 slowdown, at one point last week, benchmark US crude oil was priced at minus $37.63 a barrel

Barry J Whyte | 1 month ago

Every time Donald Trump spoke on the Covid-19 crisis last week, the stock markets plunged by another point

Marion McKeone | 2 months ago