PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
CCENT/2006/50 - HELLER FACTORING/BANCO POPULAR PORTUGAL
Acquiring
Banco Popular Portugal S.A.
Description
a Portuguese bank, wholly owned by BANCO POPULAR ESPAÑOL, which carries out its economic activity in the field of banking services and related financial services.
Acquired
Heller Factoring Portuguesa, S.A.
Description
a Portuguese factoring company that carries out its economic activity in the field of factoring services.
Sector
  • Banking, Financial and Insurance activities
Activity (NACE)
  • K64 - Financial service activities, except insurance and pension funding
Applicable legislation
Art. 9(1)(b) (Law 18)
Notification thresholds
Turnover
Type of merger
Conglomerate
Cooperation with sector regulators
  • BdP - Bank of Portugal
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-opposition
Case description
Notified on 19 October 2006, this merger consists of the acquisition by BANCO POPULAR PORTUGAL SA ("BANCO POPULAR PORTUGAL") of sole control of the company HELLER FACTORING PORTUGUESA SA ("HELLER FACTORING PORTUGUESA"), through the acquisition of the shareholdings held at present by HELLER SGPS, Lda.
Timeline
2006-12-11
COMPETITION AUTHORITY approves acquisition of sole control of HELLER FACTORING PORTUGUESA by BANCO POPULAR PORTUGAL
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