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Case details

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Merger control
Case reference
CCENT/2005/4 - SACYR-VALLEHERMOSO, S.A./FINERGE - GESTÃO DE PROJECTOS ENERGÉTICOS, S.A.
Acquired
Finerge-Gestão de Projectos Energéticos, S.A.
Description
an undertaking with investments in a group of companies in the energy sector, in particular the market for electric power generation using renewable energy sources (wind power) and co-generation. At present the company is 50% owned by the Sacyr Group, with the remaining 50% being held by the holding company UNIPOWER - SGPS, S.A.
Acquiring
Sacyr-Vallehermoso,S.A.
Description
a holding company of a group of undertakings which has its head office in Spain and operates in the construction and real estate sectors; it is developing its presence in Portugal through the Somague Group, which is involved in construction, public works, concessions and real estate, as well as the energy and environmental project sectors.
Sector
  • Energy and Fuels
Activity (NACE)
  • D35 - Electricity, gas, steam, cold and hot water and cold air
Applicable legislation
Art. 9(1)(b) (Law 18)
Notification thresholds
Turnover
Type of merger
Horizontal
Cooperation with sector regulators
  • ERSE - Regulatory Authority for Energy Services
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-opposition
Case description
Notified on 11 January 2005, this merger consists of the acquisition of sole control of the undertaking FINERGE - GESTÃO DE PROJECTOS ENERGÉTICOS, S.A. (FINERGE) by the company SACYR-VALLEHERMOSO, S.A.. (SACYR).
Timeline
2005-02-14
Competition Authority approves SACYR-VALLEHERMOSO´s acquisition of control of FINERGE
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