M/17/062 – DekaBank/Gibson
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|
|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|
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