Case details

Ccent/2023/54 - ACO II / Palmares

ACO II May S.À R.L.

Limited liability company incorporated in Luxembourg that is part of the Arrow Group, which develops activities that essentially correspond to the management of overdue and doubtful credits and real estate investments, and is also active in Portugal in the tourism sector, through the operation of ventures of tourist accommodation in the Algarve and Madeira regions, as well as the operation of golf courses in the Algarve and Lisbon, was acquired by the TDR Group, on October 11, 2021, which, in Portugal, in addition to activities in the sphere of Arrow Group operates used vehicle platforms and education and training activities.

Palmares - Companhia de Empreendimentos Turísticos de Lagos, S.A.

Company under Portuguese law that operates in the tourism sector, developing the activity of providing accommodation services in tourist developments and the management and operation of golf courses, in the Algarve region, is, in particular, the managing entity of the tourist resort called “ Palmares Beach & Golf Resort – Tourist Group”.

Art. 37(1)(c) (Law 19)

Turnover threshold

Horizontal

Closed

Phase 1

Non-opposition