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Autoridade da Concorrência

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Merger control
Case reference
Ccent/2025/79 - Oxy Capital*Rubrikesvoaçante*Túlipesvoaçante / Costa Almeida*António Costa Almeida
Acquired
António Costa Almeida, S.A.
Description
A company specializing in the manufacture and sale of aggregates (sand, clay, gravel, and stone), excavation and landfill services, demolition and civil engineering, road and airfield construction, agricultural and forestry roads, railway construction, other civil engineering works, site preparation, building construction, and the collection and treatment of waste and scrap for recovery or disposal. Currently, it is jointly controlled by Costa Almeida Ambiente and Túlipesvoaçante – Ltda.
Acquired
Costa Almeida Ambiente, S.A.
Description
Acquiring
Oxy Capital - Sociedade Gestora de Capital de Risco, S.A.
Description
An investment fund management company whose activities include identifying, analyzing, and structuring investment opportunities. Oxy Capital's portfolio is subdivided into four core segments: (i) restructuring, (ii) expansion and replacement capital, (iii) innovation/special situations, and (iv) equity markets.
Acquiring
RUBRIKESVOAÇANTE UNIPESSOAL, LDA.
Description
A company whose main activity is the management of equity interests in other companies as a way of indirectly exercising economic activities, currently holding all of the share capital and voting rights of Costa Almeida Ambiente.
Acquiring
TÚLIPESVOAÇANTE – LDA.
Description
Company whose main activity is the management of equity interests in other companies as a way of indirectly exercising economic activities, currently holding joint control of António Costa Almeida.
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 concentration transaction consists of the entry of Oxy Capital – SGOIC, S.A. (“Oxy Capital”), through the subscription of a capital increase, through a vehicle company, into the share capital of Costa Almeida Ambiente, S.A. (“Costa Almeida Ambiente”), acquiring joint control of this company, together with Rubrikesvoaçante – Unipessoal, Ltda. (“Rubrikesvoaçante”). Oxy Capital will also indirectly acquire joint control over António Costa Almeida, S.A. (“António Costa Almeida”), currently jointly controlled by Costa Almeida Ambiente and Túlipesvoaçante – Ltda. (“Túlipesvoaçante”).
Timeline
2025-11-05
AdC adopted a non-opposition decision in concentration operation 79/2025 - Oxy Capital*Rubrikesvoaçante*Túlipesvoaçante / Costa Almeida*António Costa Almeida
2025-10-07
Oxy Capital, Rubrikesvoaçante and Túlipesvoaçante notify the acquisition of joint control directly and indirectly over Costa Almeida and António Costa Almeida.
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