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Autoridade da Concorrência

Case details

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Merger control
Case reference
CCENT/2006/54 - PRISA/MEDIA CAPITAL
Acquired
Média Capital, SGPS, S.A.
Description
a quoted company, under Portuguese law, which, as a holding company of Grupo Media Capital, holds a group of companies that operate essentially in the sectors involving television, radio, outdoor advertising, the press and internet services in Portugal.
Acquiring
Prisa - Promotora de Informaciones, S.A.
Description
a Spanish-registered company, quoted on the stock exchange, which, as a holding company of Grupo Prisa, controls a group of companies mainly operating in the sectors covering communications, education, culture and entertainment, with special importance in Spain, though also in France and Latin America. In Portugal, Grupo Prisa operates in the sectors covering cable channel distribution, through Grupo Sogecable; school book publishing, through Constância Editores SA; and promotional marketing, through Prisa Innova SA.
Sector
  • Others
  • Telecommunications & Media
Activity (NACE)
  • J60 - Radio and television activities
  • M73 - Advertising, market research and public opinion polling
Applicable legislation
Art. 9(1)(a) and (b) (Law 18)
Notification thresholds
Turnover and market share
Type of merger
Horizontal
Cooperation with sector regulators
  • ANACOM - Portuguese Communications Authority
  • ERC - Portuguese Regulatory Authority for the Media
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Case description
Notified on 7 November 2006, this merger consists of the projected acquisition of sole control of Grupo Media Capital SGPS, SA ("MEDIA CAPITAL") by Promotora de Informaciones SA ("PRISA"), by means of a bid to purchase the shares representing its registered capital.
Timeline
2006-12-29
COMPETITION AUTHORITY approves the acquisition of sole control of Grupo Media Capital SGPS, SA ("MEDIA CAPITAL") by Promotora de Informaciones SA ("PRISA"), by means of a bid to purchase the shares representing its registered capital
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