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Merger control
Case reference
CCENT/2009/31 - Gestmin / Negócio GPL, Lubrificantes, Combustíveis de aviação (Galp)
Acquired
Assets Galp Energia
Description
assets and shareholdings in commercial companies, acquired by GALP from Esso, in the area of the distribution, in Portugal, of the petroleum products specified below: ?(i) Trafaria Terminal; the distribution business for LPG, in cylinders and in bulk, with the exclusion of piped LPG, the lubricant blending business, with its base at the said terminal, and the fuel supply business at the same terminal, at present controlled by COMG - Comercialização de Gás SA, whose entire capital will be acquired by Gestmin; ?(ii) The aviation fuel supply business at the airports of Lisbon, Oporto and Faro, at present run by Galp Comercialização SA (formerly Esso), directly and indirectly through its shareholding in SABA - Sociedade Abastecedora de Aeronaves Lda, which operates at the airport of Oporto.
Acquiring
Gestmin
Description
is a holding company owned by Mr Manuel Champalimaud; it groups together shareholdings in different sectors, in particular those covering maritime activities and ports, energy, telecommunications, biomedicine, property and tourism.
Sector
  • Supply and Food Industry
Activity (NACE)
  • G47 - Retail trade, except of motor vehicles and motorcycles
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
Case description
Notified on 11 August 2009, with effect on 1 October 2009, this merger operation consists of the acquisition, by GESTMIN SGPS SA (henceforth "GESTMIN"), of control of the LPG, lubricant and aviation fuel business (henceforth "Target business") formerly held within the domain of Esso Portuguesa Lda (henceforth "Esso") and at present owned by Galp Energia SGPS SA (henceforth "GALP"), following acquisition of the former undertaking.
Timeline
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