PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2022/40 - iCON GP / Sonorgás
Acquiring
iCON GP
Description
Company that is the managing general partner of the recently created iCON Fund, which aims to invest in various sectors, namely, renewable energy, railways, ports, telecommunications, energy recovery from waste and social infrastructure. Currently, the iCON Group does not have any active investment in Portugal.
Acquired
Sonorgás - Sociedade de Gás do Norte, S.A.
Description
Company integrated in the Dourogás Group, active in the construction of infrastructures and in the management of gas operations, operating as a distributor and supplier of natural gas in the northern region of Portugal. Sonorgás is the Distribution Network Operator (ORD) in several districts, operating 31 licensed locations in northern Portugal. Sonorgás is also a last resort supplier (CUR) in the following districts: Arcos de Valdevez/Ponte da Barca, Macedo de Cavaleiros, Mirandela, Peso da Régua/Santa Marta de Penaguião and Póvoa de Lanhoso.
Sector
  • Energy and Fuels
Activity (NACE)
  • D3521 - Manufacture of gas
Applicable legislation
Art. 37(1)(a) (Law 19)
Notification thresholds
Market Share threshold
Type of merger
Conglomerate
Cooperation with sector regulators
  • ERSE - Regulatory Authority for Energy Services
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 Sonorgás by iCON Fund.
Timeline
2022-09-06
The AdC issued a non-opposition decision to the merger 40/2022 - Fundo iCON / Sonorgás.
2022-08-19
The iCON Fund notifies the acquisition of sole control over Sonorgás.
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