PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2025/2 - ACO II / Monte Rei Golf & Country Club
Acquiring
ACO II May S.À R.L.
Description
Luxembourg company that is part of the Arrow Group, the latter part of the TDR Group. The activities of the Arrow Group, in Portugal, correspond to the management of overdue and doubtful loans and real estate investments; the operation of tourist accommodation enterprises, in the Algarve and Madeira regions, and golf courses, in the Algarve and Lisbon; as well as the production and sale of ceramic floors and coverings. The TDR Group also has a presence in Portugal through the operation of used vehicle platforms, and also has activities in the education and training sectors.
Acquired
Assets Monte Rei Golf & Country Club - Negócio do Resort
Description
Set formed by seven companies that operate in the tourism sector, under the Monte Rei Golf & Country Club brand, and which are dedicated to the exploration and management of a set of tourist accommodation enterprises and a golf course, all in the Algarve region.
Sector
Activity (NACE)
Applicable legislation
Notification thresholds
Type of merger
Cooperation with sector regulators
Status
Ongoing
Type of Investigation
AdC’s decision
Case description

The merger operation consists of the acquisition, by ACO II MAY S.À.R.L. (“ACO II”), of exclusive control over the companies and assets that make up the business of Monte Rei Golf & Country Club (“Target Companies”).
Timeline
2025-01-15
ACO II notifies the acquisition of exclusive control over Monte Rei Golf & Country Club.
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