PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
CCENT/2006/21 - GRUPO PESTANA/INTERVISA
Acquiring
Grupo Pestana, SGPS, S.A
Description
is the holding company of the Pestana Group, with activities in the tourist sector, principally the hotel business; it also carries out activities involving non-scheduled air transport, tour operator and travel agency services and the manufacture and marketing of beer, cool drinks and other beverages.
Acquired
Intervisa - Investimentos e Participações, SGPS, S.A.
Description
is a company that manages shareholdings; it owns the companies Intervisa -Viagens e Turismo de Lisboa Lda, Intervisa - Viagens e Turismo Internacional Lda and Intervisa - Viagens e Turismo de Coimbra Lda, which operate in the travel agency market;
Sector
  • Tourism & leisure activities 
Activity (NACE)
  • N79 - Travel agency, tour operator, reservation service and related activities
Applicable legislation
Art. 9(1)(b) (Law 18)
Notification thresholds
Turnover
Type of merger
Horizontal
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Case description
Notified on 15 May 2006, this merger consists of the acquisition of sole control of Intervisa - Investimentos Participações SGPS SA (Intervisa), via an undertaking belonging to Grupo Pestana SGPS SA (Pestana Group), the company CITG - Companhia Ibérica de Turismo Global SGPS SA (CITG).
Timeline
2006-06-19
Competition Authority authorizes Pestana Group´s acquisition of sole control of INTERVISA
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