PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
CCENT/2009/4 - CERUTIL/VISTA ALEGRE ATLANTIS
Acquiring
Cerutil
Description
a member company of the Visabeira Group; it is almost exclusively active in the production and export of stoneware articles, especially ovenware. In its turn, the Visabeira Group carries out a wide range of activities, including, in particular, in Portugal, activities in the sectors covering telecommunications, gas and electricity infrastructure, as well as building, kitchen furniture, property, tourism and leisure.
Acquired
Vista Alegre Atlantis
Description
an undertaking quoted on the Euronext Lisbon stock exchange; it is also the holding company of the Vista Alegre Atlantis Group. The economic activity of the business group that VAA heads is the manufacture and distribution of ornamental and utility articles in ceramics, glass and crystal; the company also operates a chain of its own shops under the names Vista Alegre, Atlantis and Vista Alegre Atlantis.
Sector
  • Extractive and manufacturing Industries
Activity (NACE)
  • C23 - Manufacture of other non-metallic mineral products
Applicable legislation
Art. 9(1)(b) (Law 18)
Notification thresholds
Turnover
Type of merger
Horizontal
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-opposition
Case description
Notified on 28 January 2009, this merger operation consists of the acquisition, by Cerutil Cerâmicas Utilitárias SA (henceforth "Cerutil"), of exclusive control of VAA - Vista Alegre Atlantis SGPS SA (henceforth "VAA"), by means of a takeover bid for 100% of the shares representing the latter undertaking´s registered capital.
Timeline
2009-02-19
COMPETITION AUTHORITY authorises Merger Operation No. 04/2009 -CERUTIL/VISTA ALEGRE ATLANTIS
2009-02-03
Publication of the announcement -
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