PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
CCENT/2005/70 - CAIXA DESENVOLVIMENTO / COMPAL
Acquiring
Caixa Desenvolvimento, SGPS, S.A.
Description
an undertaking indirectly controlled by Caixa Geral de Depósitos SA (CGD), through Caixa - Banco de Investimento SA. It is a CGD Group holding that focuses on retaining strategic equity participations within the scope of the group´s activities in the risk capital / private equity area.
Acquired
Compal - Companhia Produtora de Conservas Alimentares, S.A.
Description
an undertaking controlled by Nutrinveste SGPS SA, through Compalinvest SGPS SA; it produces and markets juices, nectars, still soft drinks, carbonated waters, prepared vegetables and tomato products.
Acquiring
Sumolis - Companhia Industrial de Frutas e Bebidas, S.A.
Description
an undertaking solely controlled by Refrigor - Refrigor SGPS SA; it produces and markets beers, still and carbonated bottled waters, still and fizzy soft drinks, juices and nectars;
Sector
  • Extractive and manufacturing Industries
Activity (NACE)
  • C10 - Manufacture of food products
Applicable legislation
Art. 9(1)(a) and (b) (Law 18)
Notification thresholds
Turnover and market share
Type of merger
Conglomerate
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-opposition
Case description
Notified on 11 November 2005, this merger consists of the acquisition of the total share capital of Compal - Companhia Produtora de Conservas Alimentares SA (Compal) by Caixa Desenvolvimento SGPS SA (Caixa Desenvolvimento) and Sumolis - Companhia Industrial de Frutas e Bebidas SA (Sumolis), via a company to be set up in which Caixa Desenvolvimento and Sumolis will, respectively, hold 80% and 20% of the share capital. Caixa Desenvolvimento will have sole control of Compal.
Timeline
2006-01-09
Competition Authority approves acquisition of sole control of Compal -Companhia Produtora de Conservas Alimentares SA by Caixa Desenvolvimento SGPS, SA
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