PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
CCENT/2007/9 - ATLANTICFIBER/NQF e CABELTE/CABOSPAR
Acquiring
Atlanticfiber
Description
the company´s corporate purpose is the production and marketing of optical fibres and the associated accessories; within its corporate structure it owns 100% of the registered capital of CABOSPAR and, indirectly, DESCO, undertakings that are the object of acquisition of sole control by CABELTE (HOLDING);
Acquired
Cabelte Holding, SGPS, S.A.
Description
the company´s corporate purpose is the management of holdings in other companies, as an indirect form of exercising economic activities, and the provision of specialist administration and management services to the companies of which it is a shareholder;
Acquired
Cabospar
Description
the company´s corporate purpose is property promotion, the purchase of property for resale, the production, marketing and distribution of cables, in particular electrical, telephone and optical fibre cables, the commercial representation of national and foreign entities, and the provision of services associated with the above activities;
Acquired
Desco
Description
the company´s corporate purpose is the design, manufacture and sale of electrical conductors, plugs for industrial installations, and connectors, extension cables, table sockets and reels for industrial and domestic use, and the distribution, intermediation, representation, importation and exportation of all the products and articles related to the corporate purpose.
Acquired
NQF Holding
Description
the company´s corporate purpose is the management of holdings in other companies, as an indirect form of exercising economic activities, and the provision of specialist administration and management services to the companies of which it is a shareholder; it is the majority shareholder of CABELTE (HOLDING);
Sector
  • Extractive and manufacturing Industries
Activity (NACE)
  • C27 - Manufacture of electrical equipment
Applicable legislation
Art. 9(1)(a) (Law 18)
Notification thresholds
Market share
Type of merger
Horizontal
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-opposition
Case description
The concentration, as notified, will be carried out in two successive corporate phases, conditional on each other, on the basis of corporate transactions that will finally lead to the acquisition, by Atlanticfiber - Indústria Ibérica de Fibras Ópticas SA ("ATLANTICFIBER"), of joint control of Nelson Quintas & Filhos Holding SGPS, SA ("NQF HOLDING"), via the acquisition of shares representing the registered capital and voting rights of the latter company from the shareholders and vendors Jorge Nelson Quintas and Céu Quintas ("shares in NQF HOLDING"). CABELTE (HOLDING) SGPS, SA ("CABELTE (HOLDING)"), the greater part of whose registered capital will be held by the new qualitative structure for the control of NQF HOLDING and the venture capital management companies API CAPITAL - SOCIEDADE DE CAPITAL DE RISCO SA and PME INVESTIMENTOS - SOCIEDADE DE INVESTIMENTO SA, will acquire sole control of CABOSPAR - Promoção Imobiliária SA ("CABOSPAR"), an undertaking whose registered capital is 100%-
Timeline
2007-07-18
The Competition Authority approves the acquisition (i) by Atlanticfiber - Indústria Ibérica de Fibras Ópticas SA, of joint control of Nelson Quintas & Filhos Holding SGPS, SA and, successively, (ii) by Cabelte (Holding) SGPS, SA, of sole control of Cabospar - Promoção Imobiliária SA. The sector involved is that of the production and marketing of electric cables and copper and optical fibre telecommunications cables.
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