M/17/062 – DekaBank/Gibson
Transaction details
The proposed acquisition by WestInvest Gesellschaft fur Investmentfonds mbH, a wholly owned subsidiary of DekaBank Deutsche Girozentrale, of sole control over certain assets, namely a long leasehold in the property at which The Gibson Hotel is currently trading at Point Square, Dublin 1, has been cleared by the Competition and Consumer Protection Commission.
| Notification date | Decision date |
|---|---|
| Tuesday November 7, 2017 | Friday, December 15, 2017 |
| Parties Involved | Business activities |
|---|---|
| DekaBank Deutsche Girozentrale | DekaBank Deutsche Girozentrale, part of the Deka Group, provides asset management and capital market solutions to savings banks in Germany. DekaBank Deutsche Girozentrale also provides finance to Irish-based borrowers. The Deka Group owns the following property assets in the State: Mahon Point Shopping Centre, Co. Cork; Whitewater Shopping Centre, Co. Kildare; the Clayton Hotel, Upper Leeson Street, Dublin 4; and the Maldron Hotel, Smithfield Square, Dublin 7. |
| A long leasehold in the property at which The Gibson Hotel is currently trading at Point Square, Dublin 1. | The Gibson Hotel is controlled by Stephen Tennant and Paul McCann, acting in their capacity as joint receivers for Harry A. Crosbie, the current owner of the hotel. |
| Economic sector | Media merger |
|---|---|
| Real Estate | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Tuesday, November 21, 2017 | |
| Current status: Completed |
|---|
| Cleared (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Barry O'Donnell | Email: barryodonnell@ccpc.ie |
Media enquiries: doireannsweeney@ccpc.ie
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PO Box 12585, Dublin 1, D01 C576
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