Irish company merger and acquisition deals fall despite significant rise in value

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Apollo Global’s $11bn joint venture with Intel in Leixlip tops London Stock Exchange’s deal table

Apollo Global's acquisition of 49% stake in Intel's under-construction Leixlip facility in June remains the largest deal with Irish involvement this year. Photograph: Alan Betson

Deals involving a target company in the Republic soared to a six-year high in the nine months to the end of September to a total value of $20 billion . Apollo Global Management’s $11 billion investment in a joint venture with Intel in the Republic remains the largest transaction of the year so far. In June, the private capital giant agreed to take a 49 per cent stake in a joint venture entity related to an under-construction manufacturing facility in Leixlip, Co Kildare.EU warns State over planning approval for green energy projects

Intel subsequently started consultations with staff on voluntary redundancies at its Leixlip plant as the tech giant looks to shed jobs to cut costs by about €10 billion before the end of 2025. The figure was to be on top of previous cuts already announced by the firm, which has seen its market position slip markedly in recent years.

 

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