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Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2024/24 - Portuslara / Hotel da Praia*D’El Rey Services*Golfbéltico*Priority Goal
Acquired
D’el Rey Services - Gestão e Promoção Turística, Lda.
Description
Acquired
D’el Rey Services - Gestão e Promoção Turística, Lda.
Description
Owned by Oxy Capital, a company managing venture capital funds, namely the Aquarius Fund, which focuses its activity on investing in companies active in the tourism sector.
Acquired
Golfbéltico - Gestão e Exploração de Campos de Golfe, S.A.
Description
Acquired
Golfbéltico - Gestão e Exploração de Campos de Golfe, S.A.
Description
Owned by Oxy Capital, a company managing venture capital funds, namely the Aquarius Fund, which focuses its activity on investing in companies active in the tourism sector.
Acquired
Hotel da Praia - Gestão e Exploração de Hotéis, SA
Description
Owned by Oxy Capital, a company managing venture capital funds, namely the Aquarius Fund, which focuses its activity on investing in companies active in the tourism sector.
Acquiring
Portuslara, S.A.
Description
Company owned by Azora European Hotel & Lodging, F.C.R, in turn managed by Grupo Azora (“Grupo Azora”). The Azora Group is, directly or indirectly, active in Portugal in the tourism sector, through the operation of tourist accommodation projects in the Algarve, Lisbon and Porto.
Acquired
Priority Goal, S.A.
Description
Acquired
Priority Goal, S.A.
Description
Owned by Oxy Capital, a company managing venture capital funds, namely the Aquarius Fund, which focuses its activity on investing in companies active in the tourism sector.
Sector
  • Tourism & leisure activities 
Activity (NACE)
  • I551 - Hotels and similar establishments
Applicable legislation
Art. 37(1)(c) (Law 19)
Notification thresholds
Turnover threshold
Type of merger
Conglomerate
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 Portuslara S.A. (“Portuslara”), of exclusive control over (i) Hotel da Praia - Gestão e Exploração de Hotéis, S.A.; (ii) D’El Rey Services - Gestão e Promoção Turística, Lda.; (iii) Golfbéltico - Gestão e Exploração de Campos de Golfe, S.A., and; (iv) Priority Goal, S.A. (together, “Target Companies”).
Timeline
2024-05-13
The AdC issued a non-opposition decision to the merger 24/2024 - Portuslara / Hotel da Praia*D’El Rey Services*Golfbéltico*Priority Goal.
2024-04-23
Portuslara notifies the acquisition of exclusive control over (i) Hotel da Praia; (ii) D’El Rey Services; (iii) Golfbéltico, and; (iv) Priority Goal.
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