PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2023/20 - FNAC Portugal / Media Markt
Acquiring
Fnac Portugal - Actividades Culturais e Distribuição de Livros, Discos Multimédia e Produtos Técnicos, Lda
Description
It is dedicated to the retail distribution of consumer electronics in Portugal, operating 33 physical stores throughout mainland Portugal, 1 store in the Autonomous Region of Madeira, as well as an online store. It also has 2 franchise stores on the mainland. Fnac Portugal is wholly owned by Fnac Darty Participations et Services, S.A. which, in turn, is controlled by Fnac Darty S.A., the parent company of the “Fnac Darty Group”.
Acquired
Media-Saturn (Portugal), SGPS, Unipessoal, Lda.
Description
It is active in Portugal in the retail distribution of household appliances and consumer electronics, through 10 physical stores located throughout mainland Portugal and an online store. Media Markt is wholly owned by Media Markt Saturn Retail Group GmbH, which in turn is controlled by Media-Saturn-Holding GmbH, the holding company of the “MediaMarktSaturn Retail Group”.
Sector
  • Trade and Services
Activity (NACE)
Applicable legislation
Art. 37(1)(c) (Law 19)
Notification thresholds
Turnover threshold
Type of merger
Horizontal
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-opposition
Case description

The merger in question consists of the acquisition by Fnac Portugal of Actividades Culturais e Distribuição de Livros, Multimedia Discs and Technical Products, Sociedade Unipessoal, Lda. (“Fnac Portugal”) of the exclusive control of Media-Saturn (Portugal), SGPS, Unipessoal, Lda. (“Media Markt Portugal”) and its subsidiaries.
Timeline
2023-08-07
The AdC issued a non-opposition decision to the merger 20/2023 - FNAC Portugal / Media Markt.
2023-05-09
Fnac Portugal notifies the acquisition of exclusive control over Media Markt Portugal.
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