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AEG-SMG merger hinges on ‘regulatory reviews’

News
18 March 2019
holding-LUK

LIVE UK sister publication Audience has been told that global venue giants  AEG Facilities and SMG will have to wait for the conclusion of “regulatory reviews” and secure approval from consumer protection agency the US Federal Trade, before their 50/50 merger as ASM Global (see LIVE UK issue 229) can go-ahead.

The companies anticipate the process will take several months.

The deal will bring the UK’s two largest concert arenas, AEG’s The O2 (cap. 21,000) in London and SMG’s Manchester Arena (21,000) together in one entity, along with venues such as SMG`s First Direct Arena (13,780) in Leeds and AEG’s management of The SSE Arena, Wembley (12,750) in London.

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