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Autoridade da Concorrência

Case details

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Merger control
Case reference
CCENT/2008/33 - Explorer II / Constantino
Acquired
Constantino Fernandes Oliveira & Filhos, S.A.
Description
the company´s principal activity is the collection, processing and marketing of ferrous waste; it also carries out activities involving the collection, processing and marketing of non-ferrous waste, especially non-ferrous metals such as copper and aluminium, and provides services, on a very small scale, relating to waste management systems and the cutting and marketing of new iron.
Acquiring
Fundo Explorer II - Fundo de Capital de Risco
Description
a risk capital fund, whose assets are invested in the acquisition of shareholdings in the capital of companies with a high potential for growth and a rise in value.
Sector
  • Environment and Waste Management
Activity (NACE)
  • E38 - Waste collection, treatment and disposal activities; materials recovery
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 16 May 2008, this merger consists of the acquisition, by Explorer II - Fundo de Capital de Risco (henceforth "Fundo Explorer II"), which is managed by the management company Explorer Investments - Sociedade de Capital de Risco SA, of exclusive control of the undertaking Constantino Fernandes Oliveira & Filhos SA (henceforth "Constantino").
Timeline
2008-06-18
COMPETITION AUTHORITY authorises Explorer II / Constantino merger operation
2008-05-27
Publication of the announcement
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