PT
Autoridade da Concorrência

Case details

Print
Merger control
Case reference
CCENT/2008/45 - CETELEM / COFINOGA
Acquiring
Cetelem - S.A.
Description
a credit institution specialising in consumer credit intended primarily for private customers. The undertaking is a member of the BNP Paribas Group, which is present in three areas of activity: (i) retail banking and financial services (the area which includes Cetelem), (ii) merchant and investment banking and (iii) the management of goods and services in the field of private banking and the management of assets, insurances, securities etc.
Acquired
Cofinoga
Description
a holding company that controls Credifin - Banco de Crédito ao Consumo SA, a company specialising in consumer credit intended primarily for private customers, and Fideplus - Prestação de Serviços Promocionais de Marketing e Fidelização Lda, a commercial company that specialises in providing services, particularly marketing and intermediation in the development and management of loyalty programmes.
Sector
  • Banking, Financial and Insurance activities
Activity (NACE)
  • K64 - Financial service activities, except insurance and pension funding
Applicable legislation
Art. 9(1)(b) (Law 18)
Notification thresholds
Turnover
Type of merger
Horizontal
Cooperation with sector regulators
  • BdP - Bank of Portugal
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Case description
Notified on 23 July 2008, this merger operation consists of the acquisition of exclusive control of Cofinoga Portugal SGPS, SA (henceforth "COFINOGA") by Banco Cetelem SA (henceforth "CETELEM"), an undertaking that, at present, has joint control of the company.
Timeline
2008-09-08
Competition Authority authorises merger operation Ccent. No. 45/2008 - CETELEM / COFINOGA
2008-07-31
Publication of the announcement
Click here to see your activities