Case details

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Merger control
Case reference
CCENT/2005/17 - CONTROLINVESTE/LUSOMUNDO.
Acquiring
Controlinveste, SGPS, S.A.
Description
a company that manages shareholdings in other companies, as an indirect way of exercising business activity. A holding of the Sportinveste Group, this company is active in the media sector, in which it owns the sports daily O Jogo and a shareholding in the Sport TV television channel. The group is also present in the static publicity and radio and television publicity sectors, as well as the sports broadcasting rights sector.
Acquired
Lusomundo Serviços, SGPS, S.A.
Description
company that manages shareholdings in other companies, as an indirect way of exercising business activity. A member of the Portugal Telecom Group, LMS is active, through the companies in which it invests, in the media sector, particularly in radio and the printed press. It is the owner of different aspects of the press, e.g. the newspapers and magazines Diário de Notícias, Jornal de Notícias, 24 Horas, Tal e Qual and Ocasião and the radio station TSF, in addition to various specialist magazines and regional newspapers and radio stations.
Sector
  • Others
  • Telecommunications & Media
Activity (NACE)
  • J58 - Publishing activities
  • M73 - Advertising, market research and public opinion polling
Applicable legislation
Art. 9(1)(a) and (b) (Law 18)
Notification thresholds
Turnover and market share
Type of merger
Conglomerate
Cooperation with sector regulators
  • ERC - Portuguese Regulatory Authority for the Media
Status
Closed
Type of Investigation
Phase 2 - In-depth investigation
AdC’s decision
Non-opposition
Case description
Notified on 9 March 2005, the merger consists of the acquisition of sole control of the undertaking Lusomundo Serviços, SGPS, S.A. by Controlinveste, SGPS, S.A., by means of the acquisition of the whole of the shareholding owned by PT Multimédia - Serviços de Telecomunicações e Multimédia, SGPS, S.A. in that company.
Timeline
2005-08-10
Phase II Decision - Competition Authority approves the acquisition of sole control of LUSOMUNDO SERVIÇOS by CONTROLINVESTE
2005-06-14
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