PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2025/97 - Selena / IGM
Acquired
Irmãos Guimarães Martins, SGPS, S.A.
Description
IGM is a non-financial holding company. IGM's subsidiaries are involved in the manufacture, transport and sale of isothermal solutions for roofs and facades, namely isothermal panels, metal profiles and their respective finishes for the construction industry (residential and industrial).
Acquiring
SELENA FM, S.A.
Description
Holding company of the Selena Group. The Selena Group is a global manufacturer and distributor of construction chemicals. Its offerings include foams, sealants, adhesives, waterproofing products, thermal insulation systems, fasteners, and complementary products.
Sector
Activity (NACE)
Applicable legislation
Notification thresholds
Type of merger
Cooperation with sector regulators
Status
Ongoing
Type of Investigation
Phase 1
AdC’s decision
Non-applicable
Case description

The concentration operation consists of the acquisition, by Selena FM, S.A. (“Selena”), of exclusive control over Irmãos Guimarães Martins, SGPS, S.A. (IGM) and its subsidiaries IRMALEX - Centro de Serviços Siderúrgicos, S.A. (IRMALEX), IGM - Transportes, Unipessoal Lda. (IGM Transportes), and ERFI II, Unipessoal, Lda. (“Target Company”).
Timeline
2026-02-04
Phase I Decision - The AdC issued a decision of non-applicability to the merger 97/2025 - Selena / IGM
2026-01-19
Selena notifies the acquisition of exclusive control over IGM
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