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Case details

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Merger control
Case reference
CCENT/2007/52 - GCT IMOBILIÁRIA/GRUGEST (Supermercados ULMAR)
Acquiring
GCT Imobiliária
Description
is part of the GCT Group, which is active, fundamentally, in food distribution in the cash&carry, convenience store, direct sales and food service formats; it operates under various trade names, such as: Ponto Fresco and Frescos & Cª. The acquiring company operates in the field of the purchase and sale of immovable property.
Acquired
Grugest. SGPS, S.A.
Description
the company´s economic activity is the retail trade in food products through the operation of a chain of 22 supermarkets under the trade name ULMAR (which are managed by its holding Supermercados Ulmar SA) and, additionally, the management of property assets via the undertaking Zaclas.
Sector
  • Supply and Food Industry
Activity (NACE)
  • G47 - Retail trade, except of motor vehicles and motorcycles
Applicable legislation
Art. 9(1)(b) (Law 18)
Notification thresholds
Turnover
Type of merger
Horizontal
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Case description
Notified on 7 August 2007, with effect on 22 August 2007, this merger consists of the acquisition of exclusive control of GRUGEST-SGPS SA (hereafter "Grugest") by GCT - IMOBILIÁRIA SA (hereafter " GCT Imobiliária").
Timeline
2007-10-01
COMPETITION AUTHORITY approves acquisition, by GCT - IMOBILIÁRIA SA, of exclusive control of GRUGEST-SGPS SA, which is active, fundamentally, in the retail trade in food products through the operation of a chain of 22 supermarkets under the trade name ULMAR
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