Case details

Merger control

Case reference

CCENT/2008/49 - Explorer I / Solzaima

Acquiring

Explorer I

Description

a risk capital fund whose assets are intended to be invested in the purchase of shareholdings in the capital of companies with a high potential for growth and increased value;

Acquired

Solzaima

Description

the manufacture and marketing of air and water heat exchangers for fireplaces, and of stoves for heating the atmosphere.

Sector

Extractive and manufacturing Industries

Activity (NACE)

C25 - Manufacture of fabricated metal products, except machinery and equipment

Applicable legislation

Art. 9(1)(a) and (b) (Law 18)

Notification thresholds

Turnover and market share

Type of merger

Conglomerate

Cooperation with sector regulators

Status

Closed

Type of Investigation

Phase 1

AdC’s decision

Case description

Notified on 6 August 2008, this merger operation consists of the acquisition of exclusive control of the undertaking Solzaima - Equipamento de Energias Renováveis SA (henceforth "Solzaima") by Explorer I - Fundo de Capital de Risco (henceforth "Fundo Explorer I"), which is managed by the management company Explorer Investments - Sociedade de Capital de Risco SA.

Timeline

2008-09-08

Competition Authority authorises merger operation Ccent. No. 49/2008: Explorer I / SOLZAIMA

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Case details