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Autoridade da Concorrência

Case details

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Merger control
Case reference
CCENT/2008/30 - SAG GEST / LOURES AUTOMÓVEIS
Acquired
Loures Automóveis
Description
Loures Automóveis is a company that is engaged in the automotive vehicle trade.
Acquiring
Sag Gest Soluções Automóvel Globais, SGPS, S.A.
Description
SAG operates as a holding company;
Acquiring
Soauto
Description
Soauto is a holding company, fully owned by SAG, which operates in the "retail area" of Grupo SAG;
Sector
  • Supply and Food Industry
Activity (NACE)
  • G45 - Wholesale and retail trade and repair 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 14 May 2008, with effect on 28 May 2008, this merger consists of the acquisition, by the company SAG GEST - Soluções Automóvel Globais SGPS, SA (henceforth "SAG GEST"), through its holding Soauto SGPS, SA (henceforth "SOAUTO"), of exclusive control of the company "LOURES AUTOMÓVEIS, COMÉRCIO DE AUTOMÓVEIS SA" (henceforth "LOURES AUTOMÓVEIS") and its subsidiaries.
Timeline
2008-06-27
COMPETITION AUTHORITY authorises SAG GEST / "LOURES AUTOMÓVEIS"merger operation
2008-06-04
Publication of the announcement
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