PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
CCENT/2009/37 - TRANSDEV/GESBUS
Acquired
Gesbus
Description
an undertaking created from scratch by individuals who, directly and indirectly, own the whole of the share capital of the undertaking Joalgest - Prestação de Serviços, Gestão e Participações SA and Joalto - Participações SGPS SA, through which it has joint control of HJT. Gesbus is also active, essentially, in the sector covering heavy-vehicle public road passenger transport, on a national and international basis, through the HJT joint venture and its holdings.
Acquiring
Transdev
Description
an undertaking whose registered capital is 100% owned by the French company Transdev - Société Européenne pour le Développement des Transports Publics SA, which, in turn, is controlled by the financial institution Caisse des Dépôts (henceforth "Caisse des Dépôts Group"). In essence, Transdev operates in the sector covering heavy-vehicle public road passenger transport, nationally and internationally, through the HJT joint venture and its holdings. In Portugal, the Caisse des Dépôts Group carries out activities in the insurance sector, through CNP Assurances, and the engineering infrastructure sector, through the EGIS Group;
Sector
  • Liberal Professions
Activity (NACE)
  • M70 - Activities of head offices; management consultancy activities
Applicable legislation
Art. 9(1)(a) and (b) (Law 18)
Notification thresholds
Turnover and market share
Type of merger
Horizontal
Cooperation with sector regulators
  • AMT - Mobility and Transport Authority
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Case description
Notified on 23 September 2009, with effect on 26 October 2009, this merger operation consists of the acquisition, by Transdev Participações SGPS SA (henceforth "Transdev"), of the exclusive control of Gesbus - Consultoria e Gestão de Transportes SA (henceforth "Gesbus"), by means of the acquisition of the whole of its share capital, and thus the inherent indirect exclusive control of HJT - Holding Joalto Transdev SGPS SA (henceforth "HJT"), a joint venture controlled by Transdev, Gesbus and the holdings of the latter.
Timeline
2009-12-03
COMPETITION AUTHORITY authorises Merger No. 37/2009 - TRANSDEV/GESBUS
2009-11-03
Publication of the announcement
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