PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
CCENT/2008/50 - OPWAY / Tâmega Madeira
Acquired
CTM
Description
a manager of holdings in other companies that carry out activities, in the Autonomous Region of Madeira, basically in the field of construction and public works; the manufacture of ready-made concrete and aggregate; and property promotion.
Acquiring
OPWAY
Description
is the holding company of the group OPWAY; it carries out the following activities through its holdings, among others: construction, civil engineering and public works; railway construction; the extraction, manufacture and marketing of products in marble, granite and similar types of stone; the manufacture of concrete products; the manufacture of tiles, mosaics and ceramic slabs; and property promotion.
Sector
  • Banking, Financial and Insurance activities
  • Construction
  • Extractive and manufacturing Industries
Activity (NACE)
  • C23 - Manufacture of other non-metallic mineral products
  • C25 - Manufacture of fabricated metal products, except machinery and equipment
  • F41 - Development of building projects; Construction of buildings
  • 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
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Case description
Notified on 8 August 2008, this merger operation consists of the acquisition, by OPWAY - SGPS, SA (henceforth "OPWAY"), of exclusive control of the undertaking Construtora do Tâmega (Madeira) SGPS, SA (henceforth "CTM").
Timeline
2008-09-08
Competition Authority authorises merger operation Ccent No. 50/2008: OPWAY / CONSTRUTORA DO TÂMEGA (MADEIRA)
2008-08-18
Publication of the announcement
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