PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2023/66 - TEAK*TANGOR / VOV
Acquired
NIH VI VOV Holdings S.à.r.l.
Description
VOV has direct and indirect control of several companies governed by foreign law that together constitute the VR Group, which is dedicated, on the one hand, to the transformation of pressed glass for the production of glass doors for washing machines and washing machines and drying clothes and for the production of containers for domestic use, and, on the other hand, the design and production of steel molds for lighting components for the automotive industry. Grupo VR does not have a presence in Portugal.
Acquiring
Tangor Capital, S.A.
Description
Investment company in the industrial, financial, real estate and education sectors.
Acquiring
Teak Capital, B.V.
Description
Part of the Teak Capital B.V. group, it holds a diversified set of investments in the real estate and financial sectors, including investments in private equity and venture capital, with investments in the industrial, education and health sectors.
Sector
  • Construction
Activity (NACE)
  • F4211 - Construction of roads and runway for airfields
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 operation consists of the acquisition, by the company TEAK Capital, B.V. (“TEAK”) and the company TANGOR Capital, S.A. (“TANGOR”) of joint control over NIH VI VOV Holdings S.à.r.l. and respective controlling subsidiaries (“VR Group”).
Timeline
2023-12-06
AdC issued a non-opposition decision to the merger 66/2023 - TEAK*TANGOR / VOV.
2023-10-31
TEAK Capital and TANGOR Capital notify the acquisition of joint control over NIH VI VOV.
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