PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2026/10 - Fidelidade / IMGA
Acquiring
FID Asset Management, SGPS, S.A.
Description
A Portuguese company that is part of the Fidelidade group, which operates mainly in the insurance and reinsurance sector, both in Portugal and internationally, and is active in the life and non-life insurance branches.
Acquired
IM Gestão de Ativos, Sociedade Gestora de Organismos de Investimento Coletivo, S.A.
Description
A Portuguese company that is authorized and registered with the Securities Market Commission as a management company for collective investment undertakings and that is primarily dedicated to the management of investment funds in Portugal.
Sector
Activity (NACE)
Applicable legislation
Notification thresholds
Type of merger
Cooperation with sector regulators
  • CMVM - Securities Market Commission
Status
Ongoing
Type of Investigation
AdC’s decision
Case description

The concentration operation consists of the acquisition by FID Asset Management, SGPS, S.A. (“FID”) of exclusive control over IM Gestão de Ativos, Sociedade Gestora de Organismos de Investimento Coletivo, S.A. (“IMGA”).
Timeline
2026-02-09
Fidelidade notifies the acquisition of exclusive control over IMGA
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