PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2025/96 - Mezan / PT Data Center
Acquiring
Mezan SPV 2025, S.L.U.
Description
A company controlled by Asterion, an investment manager focused on infrastructure investments in the European mid-market. Its strategy concentrates mainly on the telecommunications, energy, and public utilities and mobility sectors in the Iberian Peninsula, Italy, France, and the United Kingdom.
Acquired
Portugal Telecom Data Center, S.A.
Description
A company that operates a hyperscale data center located in Covilhã, providing housing-related services, i.e., data center space, power, cooling, interconnections, and land. It can also support the training of Artificial Intelligence (“AI”) models across Europe, as well as low-latency AI inference in the Iberian Peninsula and latency-insensitive AI inference in the rest of Europe.
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 operation consists of the acquisition, by Mezan SPV 2025, S.L.U. (“Mezan”), an entity controlled by Asterion Industrial Partners, SGEIC, S.A. (“Asterion”), of the exclusive control of Portugal Telecom Data Center, S.A. (“PT Data Center”), currently controlled by MEO, SGPS, S.A. (“Meo”), through the acquisition of all of its share capital.
Timeline
2026-01-14
Phase I Decision - AdC adopted a non-opposition decision in concentration operation 96/2025 - Mezan / PT Data Center
2025-12-30
Mezan notifies the acquisition of exclusive control over PT Data Center
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