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Autoridade da Concorrência

Case details

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Merger control
Case reference
CCENT/2006/32 - REN / ACTIVOS REGULADOS DE GÁS NATURAL
Acquired
Assets Galp Energia
Description
a group of undertakings and assets integrated at present into the universe of Galp Energia SGPS SA; they consist of (i) the Transport Network for High Pressure Natural Gas in Portugal - which includes the shareholding positions in the companies Gasoduto Braga-Tuy SA and Gasoduto Campo Maior-Leiria-Braga SA, of which Transgás SGPS SA (a holding of Galp Energia SGPS SA) is the owner; (ii) Underground Natural Gas Storage Facilities and (iii) the undertaking Sociedade Gás Natural Liquefeito.
Acquiring
REN - Rede Eléctrica Nacional, S.A.
Description
the undertaking responsible for operating and developing the national transmission network for very high voltage electricity in continental Portugal. In addition, it carries out activities involving electric power importation and acts as the sole buyer of electric power in the National Electricity System, guaranteeing the uninterrupted supply of power;
Sector
  • Energy and Fuels
Activity (NACE)
  • D35 - Electricity, gas, steam, cold and hot water and cold air
Applicable legislation
Art. 9(1)(a) and (b) (Law 18)
Notification thresholds
Turnover and market share
Type of merger
Conglomerate
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 21 June 2006, this merger consists of the acquisition, by REN - Rede Eléctrica Nacional SA (REN), of sole control of a series of regulated natural gas assets held at present by Galp Energia SGPS SA and by certain of its holdings, through which it carries out activities involving the transport of high pressure natural gas, underground storage and natural gas regasification (Gas Assets).
Timeline
2006-07-20
Competition Authority approves the acquisition of sole control of a group of regulated natural gas assets, at present belonging to Galp Energia, by REN - Rede Eléctrica Nacional SA
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