PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
CCENT/2008/14 - ASFC/ JMN
Acquiring
ASFC - SGPS, S.A.
Description
a joint undertaking established by Nortesaga - Investimentos, SGPS, Lda ("Nortesaga") and Fundo Caravela - Fundo de Capital de Risco ("Fundo Caravela"), for investment in undertakings operating in the sector that produces and markets containerisation solutions for solid urban waste. Nortesaga is a member of Grupo Nortesaga, which is devoted to the following business areas: the assembly of special vehicles for the collection of solid urban waste; the purchase and sale of passenger and goods vehicles; the marketing of car parts and the related services, among others. Fundo Caravela is a risk capital fund, whose management company is Inter Risco - Sociedade de Capital de Risco SA, which, in turn, is a member of Grupo BPI.
Acquired
José Manuel Novo, S.A.
Description
a Portuguese-registered company, which operates in the production and marketing, in Portugal, of containerisation solutions for solid urban waste.
Sector
  • Supply and Food Industry
Activity (NACE)
  • G46 - Wholesale trade (include commission trade), except of motor vehicles and motorcycles
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
Case description
Notified on the 21 February 2008, this merger operation consists of the acquisition, directly or indirectly, by ASFC - SGPS SA ("ASFC"), of exclusive control of the company José Manuel Novo SA ("JMN"), by means of the acquisition of the whole of its registered capital.
Timeline
2008-04-03
COMPETITION AUTHORITY authorises acquisition, by ASFC - SGPS, SA, a joint company set up by Nortesaga - Investimentos SGPS, Lda and Fundo Caravela - Fundo de Capital de Risco, of exclusive control of the company José Manuel Novo SA, which produces and markets containerisation solutions for solid urban wastes
2008-02-29
Publication of the announcement
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