Live Nation acquires Plenitude Arena in Nanterre

American entertainment giant Live Nation has finalized the acquisition of the Plenitude Arena in Nanterre, France. This marks the company’s first ownership of a major venue in the country.

The acquisition was made from Ovalto, the holding company of businessman Jacky Lorenzetti. The deal, originally announced in January, no longer requires approval from the French Competition Authority due to legislative changes regarding turnover thresholds that went into effect in September.

Formerly known as the Paris La Défense Arena, the Plenitude Arena is Europe’s largest indoor venue, with a capacity of up to 45,000 people. It hosts a variety of major events, including rugby matches for Racing 92, Olympic water sports, and concerts by artists such as Taylor Swift and the Rolling Stones. The venue is currently hosting a residency by Céline Dion.

Live Nation stated it intends to invest in the facility to modernize equipment, improve the experience for artists and audiences, and increase the number of available event dates to bolster its attractiveness to international organizers.