PT
Autoridade da Concorrência

Case details

Print
Merger control
Case reference
CCENT/2009/12 - TAP/SPdH
Acquired
Spdh - Serviços Portugueses de Handling, S.A.
Description
a company whose corporate purpose is to provide handling services in Portuguese airports, with the exclusion of the airports in the Autonomous Region of the Azores, under the trading name "Groundforce".
Acquiring
TAP - SGPS, S.A.
Description
a company whose corporate purpose is the air transport of persons, baggage and cargo within Portugal and between Portugal and the rest of the world.
Sector
  • Transport & Infrastructure
Activity (NACE)
  • H52 - Warehousing and support activities for transportation (include cargo handling)
Applicable legislation
Art. 9(1)(a) and (b) (Law 18)
Notification thresholds
Turnover and market share
Type of merger
Horizontal
Cooperation with sector regulators
  • ANAC -  Portuguese Civil Aviation Authority
Status
Closed
Type of Investigation
Phase 2 - In-depth investigation
AdC’s decision
Prohibition
Case description
Notified on 31 March 2009, this merger operation consists of the acquisition, by TAP - Transportes Aéreos Portugueses SA (henceforth "TAP"), of exclusive control of SPdH - Serviços Portugueses de Handling SA (henceforth "SpdH"), as a result of the acquisition of the registered capital held by Banco de Investimento Global SA, BANIF - Banco de Investimento SA, and Banco Invest SA.
Timeline
2009-11-19
Press Release No. 22/2009 - CA rules against TAP/SPDH merger
2009-07-21
Phase I Decision
2009-04-06
Publication of the announcement
Click here to see your activities