PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2025/88 - Tiekenveen / Alegro Setúbal
Acquired
Alegro Setúbal – Gestão e Exploração de Centros Comerciais, S.A.
Description
It explores establishments integrated into commercial complexes, through their assignment of use, lease or other admissible legal form. Its activity also includes: (i) the conception, marketing, management and operation of commercial complexes; and (ii) the acquisition, sale, resale, lease, exploitation and administration of real estate intended for the installation of these complexes.
Acquiring
TIEKENVEEN HOLDING B.V.
Description
Based in the Netherlands, it is dedicated to the holding and management of equity stakes, and is controlled by ELO S.A., the holding company of the ELO Group. The ELO Group's main activity is retail distribution under the Auchan brand, and it is also present in the real estate, e-commerce, and banking sectors. In addition, indirectly, the ELO Group owns, manages, and develops shopping centers and provides real estate services, including consulting, asset management, and urban regeneration projects.
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 concentration operation consists of the acquisition, by Tiekenveen Holding B.V. (“Tiekenveen”), of exclusive control over Alegro Setúbal – Gestão e Exploração de Centros Comerciais, S.A. (“Alegro Setúbal”).
Timeline
2025-11-20
Tiekenveen notifies the acquisition of exclusive control over Alegro Setúbal
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