Manchester Arena operator in multimillion-pound merger
The operator of Manchester Arena has agreed to a merger that will lead to the creation of one of the world’s largest entertainment businesses.
AEG Facilities, the venue management subsidiary of AEG, and arena operator SMG, have signed a definitive agreement to merge.
The merger will create a multimillion pound business that will operate as ASM Global (“ASM”).
Onex, the owners of SMG, and AEG’s subsidiary will each own 50% of the company following the completion of the transaction. The terms of the deal were not disclo... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...