PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2025/91 - Sonae Sierra / Torre Oriente
Acquiring
Sonae Sierra, SGPS, SA
Description
A company directly controlled by Sonae, SGPS, S.A., which, in turn, is controlled by Efanor Investimentos, SGPS S.A., its activity is the development, investment and management of shopping centers and other real estate assets, as well as the provision of investment, development and real estate management services.
Acquired
Torre Oriente, SIC Imobiliária Fechada, S.A.
Description
The company, currently owned by Torre Oriente GmbH & Co. KG, owns and operates Torre A (also known as Torre Oriente), located in Lisbon and primarily intended for office use.
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 Sonae Sierra, SGPS, S.A. (“Sonae Sierra”), of exclusive control of Torre Oriente, SIC Imobiliária Fechada, S.A. (“Torre Oriente”), through a long-term management contract, which confers on Sociedade Administradora Sierra IG, SGOIC, S.A., the management powers that imply exclusive control of Torre Oriente.
Timeline
2025-12-03
Sonae Sierra notifies the acquisition of control over Torre Oriente
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