The winner of the race between two rival developers for a potential €16m kickstart fund to help build a multi-million euro events centre in Cork City will be announced next month.

Cork’s city manager has rejected criticism of the process being used to select the preferred developer of the city’s first multi-million euro events centre.

Heineken Ireland upped its market share slightly last year and increased revenues nearly €60m as it managed to comfortably outperform a dwindling beer market.

THE Competition Authority is to move to a full investigation (Phase 2) into the takeover of Beamish & Crawford by Heineken.