PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2022/37 - BK Portugal / IberKing*Lurca
Acquired
Iber King Restauração, S.A.
Description
Develops the activity of restoration and related activities, including leisure and entertainment; operates fast-food establishments in Portugal, operating under the Burger King brand.
Acquired
Lurca, S.A.
Description
It operates in the fast food sector in Spain, under the Burger King brand.
Acquiring
Restaurant Brands Iberia, S.A.
Description
Active in quick service restaurants under the Burger King brand, owning 27 fast food establishments in Portugal. It is controlled by Cinven, an international private equity firm looking to invest in the business services, consumer, financial services, healthcare, industrial technology, media and telecommunications sectors.
Sector
  • Trade and Services
Activity (NACE)
  • I5610 - Restaurants (include mobile food service activities)
Applicable legislation
Art. 37(1)(a) and (b) (Law 19)
Notification thresholds
Market Share and Combined thresholds
Type of merger
Horizontal
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-opposition
Case description

The notified concentration consists of the acquisition of sole control over Iberking and Lurca by Restaurant Brands Iberia.
Timeline
2022-09-06
The AdC issued a non-opposition decision to the merger 37/2022 - BK Portugal / IberKing*Lurca.
2022-08-12
Restaurant Brands Iberia notifies the acquisition of exclusive control over the companies IberKing and Lurca.
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