MCD to work with CMA on merger queries

Live Nation UK chairman Denis Desmond will work to "allay concerns", as the national competition authority questions LN-Gaiety’s acquisition of MCD Productions

News By | 11 July 2019

CMA questions LNG-MCD merger
LN-Gaiety-owned festival Electric Picnic © Electric Picnic

A Competition and Markets Authority (CMA) investigation has found that the proposed takeover of Irish promoter MCD Productions by LN-Gaiety Holdings (LNG) raises competition concerns in Northern Ireland.

LNG – a joint venture between Live Nation UK and Gaiety Investments – announced its plans to acquire MCD Productions in August. Denis Desmond, Live Nation’s chairman in the UK and Ireland owns both Gaiety Investments and MCD Productions, although the latter has remained independent.

According to the CMA, there are “only…

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