PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
CCENT/2005/44 - MDS/UNIBROKER/BECIM
Acquired
Becim - Corretora de Seguros, Lda.
Description
an enterprise belonging to the Amorim Group, with activities in the insurance mediation field.
Acquiring
MDS, SGPS, S.A.
Description
an enterprise belonging to the SONAE Group, with activities in the insurance mediation field;
Acquired
Unibroker - Corretores de Seguros, S.A.
Description
an enterprise belonging to the Amorim Group, with activities in the insurance mediation field
Sector
  • Banking, Financial and Insurance activities
Activity (NACE)
  • K66 - Activities auxiliary to financial services and insurance activities
Applicable legislation
Art. 9(1)(b) (Law 18)
Notification thresholds
Turnover
Type of merger
Horizontal
Cooperation with sector regulators
  • ASF - Insurance and Pension Fund Supervisory Authority
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Case description
This merger, of which notification was received on 1 August 2005, consists of the acquisition of the total registered capital of the undertakings UNIBROKER - Corretores de Seguros, S.A. (hereinafter referred to as "UNIBROKER") and BECIM - Corretora de Seguros, Lda. (hereinafter referred to "BECIM") by MDS - Corretor de Seguros, S.A. (hereinafter referred to as "MDS").
Timeline
2005-09-12
Competition Authority approves acquisition of the total share capital of UNIBROKER and BECIM by MDS - Corretor de Seguros SA
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