PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
CCENT/2008/40 - IBERHOLDING/ VITACRESS
Acquiring
Iberholding
Description
its corporate purpose is the management of shareholdings in other companies as an indirect way of carrying out commercial and industrial activities. Iberholding is a holding company that is part of a group of companies - Grupo RAR - whose parent company is RAR - Sociedade de Controle (Holding) SA, which holds 100% of the shares representing the registered capital of the former. Grupo RAR carries out its activity in the areas of foodstuffs, packaging, property, tourism and the provision of diverse services.
Acquired
Vitacress
Description
the parent company of a group of vertically-integrated companies that produce and market fresh vegetables. At present, the holding company of Vitacress is the undertaking Vitacress 2008 Limited. In Portugal, the whole of Grupo Vitacress´s turnover outside the group is carried out via its subsidiary Iberian Salads, Agricultura, SA.
Sector
  • Agriculture, forestry & fishing
  • Supply and Food Industry
Activity (NACE)
  • A01 - Agriculture, farming of animals, hunting and related service activities
  • 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
Horizontal
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Case description
Notified on 4 July 2008, this merger operation consists of the acquisition, by the undertaking Iberholding - Prestação de Serviços SA (Iberholding), of exclusive control of the business group Vitacress ("Vitacress"), by means of the acquisition of its total shareholdings, at present held by Vitacress 2008 Limited.
Timeline
2008-07-31
Competition Authority authorises IBERHOLDING/VITACRESS merger operation
2008-07-11
Publication of the announcement
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