Case details

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Merger control
Case reference
Ccent/2022/43 - Sierra / Imosal
Acquirer
Sonae Sierra, SGPS, S.A.
Description
It is the holding company of an international group whose activity comprises the development, investment and management of shopping centers and other real estate assets intended for commercial activities, as well as the provision of investment, development and property management services. Sierra is indirectly owned by Efanor Investimentos, SGPS S.A. (holding company controlled by the Azevedo family).
Target
Imosal - Imobiliária do Saldanha, S.A.
Description
A company exclusively controlled by Kostas, it owns and manages Atrium Saldanha, a property located in Lisbon and comprising commercial and office areas, as well as an underground car park. Imosal ensures the lease of the respective spaces, managing the corresponding lease contracts and/or equivalent agreements, as well as all other activities associated with the maintenance of the building.
Sector
Construction
Activity (NACE)
F4110 - Development of building projects
Applicable legislation
Art. 37(1)(c) (Law 19)
Notification thresholds
Turnover threshold
Type of merger
Vertical
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 Imosal by Sonae Sierra.

Timeline
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