PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
CCENT/2006/19 - CAISSE DES DÉPOTS ET CONSIGNATIONS/FINAMA PRIVATE EQUITY
Acquiring
Caisse des Dépôts et Consignations / FinamaPrivate Equity
Description
operates on the Portuguese market in the following sectors: insurance (through Global Seguros), transport (through Caima and Transdev, among other companies) and infrastructure engineering (EGIS Group).
Acquired
WF Vacaces / WF Patrimoine
Description
carries out its activities in the tourist sector, though it is not present in Portugal. VVF Vacances is responsible for the commercial operation of holiday locations (tourist residences, holiday villages and hotels), while VVF Patrimoine is the holder of real rights over the holiday locations operated by VVF Vacances and is responsible for their administration.
Sector
  • Tourism & leisure activities 
Activity (NACE)
  • N79 - Travel agency, tour operator, reservation service and related activities
Applicable legislation
Inapplicability (Law 18)
Notification thresholds
Inapplicability (Law 18)
Type of merger
Conglomerate
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-applicable
Case description
Notified on 18 April 2006 (to take effect on 3 May 2006), this merger consists of the acquisition of sole control of VVF Vacances and VVF Patrimoine ("VVF Group") by Caisse de Dépôts et Consignations ("CDC") and Finama Private Equity ("Finama PE").
Timeline
2006-05-31
Competition Authority rules that the acquisition of sole control of VVF Vacances and VVF Patrimoine ("VVF Group") by Caisse De Dépôts et Consignations ("CDC") and Finama Private Equity ("Finama PE") is not covered by the obligation to provide prior notification to which Article 9 of the said Law refers, since the conditions for notification provided for in point (1) of that article are not fulfilled
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