PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
CCENT/2006/39 - MANUEL FINO/SOARES DA COSTA
Acquiring
Investifino - Investimentos e Participações, S.G.P.S., S.A.
Description
controlled by Manuel Fino, the purpose of this undertaking is also the management of stock holdings in other companies as an indirect form of exercising economic activities; in addition, it owns financial holdings in various groups such as Cimpor, BCP, Grupo Jerónimo Martins, Gameinvest and Grupo Soares da Costa.
Acquiring
Manuel Fino, S.G.P.S., S.A.
Description
an undertaking belonging to the Fino family, which operates in three business areas: non-food distribution (home textiles and cosmetics); property; and financial holdings. In the area of financial holdings, the purpose of Manuel Fino is the management of stock holdings in other companies as an indirect form of exercising economic activities.
Acquired
Soares da Costa SGPS, S.A.
Description
the company´s economic activity is the management of stock holdings in other companies as an indirect form of exercising economic activities (specifically, in construction and public works in general and highly specialised or ancillary construction industries).
Sector
  • Construction
Activity (NACE)
  • F42 - Civil engineering
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 11 August 2006, this merger consists of the acquisition by Manuel Fino SGPS, SA (hereinafter Manuel Fino), via the special purpose entity controlled by the latter, Investifino - Investimentos e Participações SGPS, SA (hereinafter Investifino), of ordinary shares in Grupo Soares da Costa SGPS, SA - (hereinafter GSC).
Timeline
2006-10-11
Competition Authority rules that the acquisition of ordinary shares in the Group Soares da Costa SGPS, SA - by Manuel Fino SGPS, SA is not covered by the obligation of prior notification under the terms of Article 9 of the Competition Law, on the grounds that it does not constitute a merger between undertakings in the meaning of Article 8 (1), combined with point (3) of the same article
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