Live Nation Entertainment (LNE) - the global leader in the live entertainment industry – is set to acquire a majority stake in MEO Arena, Portugal’s largest concert venue.
On 21 November 2024, the Portuguese Competition Authority (PCA) conditionally approved LNE’s acquisition of an indirect controlling interest in Ritmos & Blues and MEO Arena. The Decision followed a Phase II investigation by the PCA into concerns on restrictions to access to MEO Arena for competitors in the markets for live event promotion and ticketing services. The commitments proposed by LNE ensure fair, reasonable and non-discriminatory access to rivals.
RBB’s team, led by Nuno Alvim
Nuno AlvimPrincipal and David Henriques
David HenriquesSenior Associate, worked alongside the legal teams from Latham & Watkins, PLMJ and Morais Leitão.
