Case details

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Merger control
Case reference
Ccent/2025/43 - Atitlan Glarus*Franama / Gaviota
Acquiring
Atitlan Glarus, S.L.
Description
Jointly owned and controlled by (i) Atitlan Grupo Empresarial, S.L., a business group with investments in the agricultural, real estate, industrial, services and financial sectors, and by (ii) Stoneshield Southern Real Estate Holding IV, S.à.r.l., forming part of a fund with investments, in particular, in companies with exposure and/or related to real estate assets, mainly in Southern Europe. In Portugal, the Atitlan Group (i) controls companies active in sustainable sole farming and in the provision of consultancy and management services, as well as in the administration of its own assets, including the acquisition and management of real estate and real estate investments, and the Stoneshield Group (ii) controls companies active in the management and operation of student residence real estate assets and in the organisation of freight transport, logistics and distribution of goods and groupage of goods.
Acquiring
Franama Inversiones S.L.
Description
Holding company of the Guillén family, which founded, developed and currently holds a stake in Gaviota.
Acquired
Gaviota Simbac, S.L.
Description
Spanish business group whose main activity consists of the design, manufacture and wholesale distribution of accessories and systems for awnings, blinds, windows, curtains and glass pergolas and outdoor furniture.
Sector
Activity (NACE)
Applicable legislation
Notification thresholds
Type of merger
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-opposition
Case description

The merger transaction consists of the acquisition, by Atitlan Glarus, S.L. (“Atitlan Glarus”) and Franama Inversiones, S.L. (“Franama”), of joint control over Gaviota Simbac, S.L., and its subsidiaries (“Gaviota”).

Timeline
2025-07-09
Phase I Decision - AdC adopted a non-opposition decision in concentration operation 43/2025 - Atitlan Glarus*Franama / Gaviota.
2025-06-17
Atitlan Glarus and Franama notify the acquisition of joint control over Gaviota.
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