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Autoridade da Concorrência

Case details

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Merger control
Case reference
CCENT/2008/66 - SHIN-ETSU/CIRES
Acquired
Cires
Description
A Portuguese-registered company that produces and markets different types of PVC: suspension PVC ("S-PVC") and PVC emulsion resins for pastes ("E-PVC"). The undertaking is also involved in PVC compounds, through its subsidiaries PREVINIL - Empresa Preparadora de Compostos Vinílicos SA and CYGSA - Compuestos e Granzas SA, and in electrical power production and the insurance sector, through its subsidiaries BAMISO - Produção e Serviços Energéticos SA and SOCIPREV - Sociedade de Mediação de Seguros Lda, respectively.
Acquiring
Shin-Etsu
Description
a Dutch-registered company belonging to the Shin-Etsu Group, which has a worldwide presence in the production of chemicals. Its activity is divided into three business segments: "Organic and Inorganic Chemicals", "Electronic Materials" and "Functional and Other Materials".
Sector
  • Extractive and manufacturing Industries
Activity (NACE)
  • C22 - Manufacture of rubber and plastic products
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 18 December 2008, this merger operation consists of the acquisition of exclusive control of COMPANHIA INDUSTRIAL DE RESINAS SINTÉTICAS, CIRES SA ("CIRES") by Shin-Etsu International Europe BV ("Shin-Etsu"), by means of the acquisition of shares representing 26.23% of the formers registered capital.
Timeline
2009-02-04
COMPETITION AUTHORITY authorises Merger No. 66/2008 - SHIN-ETSU/CIRES
2008-12-23
Publication of the announcement
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