PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
CCENT/2006/61 - ESPÍRITO SANTO PROPERTY/OPCA
Acquiring
Espirito Santo Property, S.A.
Description
a Luxembourg-based holding company in the property field; it is controlled by the holding company Espírito Santo Resources Limited.
Acquired
OPCA - Obras Públicas e Cimento Armado, S.A.
Description
a Portuguese registered company that is present in Portugal and abroad in the civil engineering and construction sector. Through its holdings, it is also engaged in the following activities: (i) extraction, manufacture and marketing for articles in marble, granite and similar types of stone; (ii) construction and public works; (iii) property promotion; (iv) the manufacture of ceramic floorings and coverings and (v) the marketing of cement and the manufacture of prefabricated concrete products.
Sector
  • Construction
  • Extractive and manufacturing Industries
Activity (NACE)
  • C23 - Manufacture of other non-metallic mineral products
  • F42 - Civil engineering
  • F43 - Specialised construction activities
Applicable legislation
Art. 9(1)(b) (Law 18)
Notification thresholds
Turnover
Type of merger
Conglomerate
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-opposition
Case description
Notified on 12 December 2006, with effect on 28 December 2006, this merger consists of the acquisition by ESPÍRITO SANTO PROPERTY SA ("ESP") of sole control of the company OPCA - OBRAS PÚBLICAS DE CIMENTO ARMADO SA ("OPCA"), through acquisition of the shareholdings currently held by AA -Iberian Venture Capital Invest SA.
Timeline
2007-02-27
COMPETITION AUTHORITY authorises acquisition of sole control of OPCA - OBRAS PÚBLICAS DE CIMENTO ARMADO SA by ESPÍRITO SANTO PROPERTY SA
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