PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
CCENT/2009/10 - EXPLORER II/ GASCAN
Acquiring
Fundo Explorer II - Fundo de Capital de Risco
Description
a risk capital fund whose assets are intended to be invested in the acquisition of shareholdings in enterprises with a high potential for growth and a rise in value.
Acquired
Gascan
Description
an enterprise engaged in the distribution and marketing of LPG and piped propane gas in Portugal; its activities are essentially in the domestic market, with nationwide cover.
Sector
  • Energy and Fuels
Activity (NACE)
  • D35 - Electricity, gas, steam, cold and hot water and cold air
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
Non-opposition
Case description
Notified on 31 March 2009, this merger operation consists of the acquisition, by Explorer II - Fundo de Capital de Risco (henceforth "Fundo Explorer II"), of exclusive control of Gascan - Gases Combustíveis SA (henceforth "Gascan"), by means of the acquisition of the shares representing the latter´s registered capital.
Timeline
2009-04-29
COMPETITION AUTHORITY authorises Merger Operation No. 10/2009 - EXPLORER II/ GASCAN
2009-04-06
Publication of the announcement
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