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Autoridade da Concorrência

Case details

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Merger control
Case reference
CCENT/2009/26 - SOLZAIMA/NEWCO
Acquired
Newco
Description
a company to be set up as a result of the splitting-up of the undertaking Vale Montanha - Serviços de Engenharia Lda; its assets will include all the assets and resources assigned to the activity of importing, exporting, manufacturing, marketing and assembling energy producing and saving equipment and the provision of engineering services, in particular the manufacture and marketing of air heat-exchangers.
Acquiring
Solzaima
Description
an undertaking whose economic activity consists of the manufacture and marketing of air and water heat-exchangers for fireplaces, and heating stoves. The majority share of Solzaima´s registered capital is held by the investment fund Explorer I - Fundo de Capital de Risco;
Sector
  • Extractive and manufacturing Industries
Activity (NACE)
  • C25 - Manufacture of fabricated metal products, except machinery and equipment
Applicable legislation
Inapplicability (Law 18)
Notification thresholds
Inapplicability (Law 18)
Type of merger
Conglomerate
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-applicable
Case description
Notified on 23 July 2009, the present merger operation consists of the acquisition, by the undertaking Solzaima - Equipamentos de Energias Renováveis SA (henceforth "Solzaima"), of exclusive control of a company to be set up as part of the process in progress of splitting the assets associated with the industrial activity of the company Vale Montanha - Serviços de Engenharia Lda (henceforth "NewCo").
Timeline
2009-08-28
COMPETITION AUTHORITY considers obligation to submit prior notification not applicable to Merger Operation No. 26/2009 - SOLZAIMA/NEWCO
2009-07-29
Publication of the announcement
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