Case details

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Merger control
Case reference
Ccent/2026/20 - Caderno Azul*Explorer / MOP
Acquiring
Caderno Azul, S.A.
Description
A family-owned holding company dedicated to managing equity stakes. The companies it controls are active in managing real estate investments.
Acquiring
Explorer Investments - Sociedade de Capital de Risco, SA
Description
Explorer is a venture capital management company dedicated to managing private equity funds, including expansion capital. Through the funds it manages, Explorer invests in companies active in various economic sectors.
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 Caderno Azul, S.A. (“Caderno Azul”), of a stake in MOP – Multimédia Outdoors Portugal – Publicidade, S.A. (“MOP”), capable of granting it, together with Explorer Investments – Sociedade de Capital de Risco, S.A. (“Explorer”), the current shareholder, control over MOP.

Timeline
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