Case details

Print
Merger control
Case reference
CCENT/2010/24 - PME Investimentos*Espírito Santo Ventures/Uniceram
Acquiring
Espírito Santo Ventures - Sociedade de Capital de Risco, S.A.
Description
a venture capital company that invests in technology enterprises and innovative projects with great potential for growth. The company manages Fundo BES Growth, whose policy is based on investment in small and medium-sized Portuguese and foreign companies that need to boost their capital structure.
Acquiring
PME Investimentos - Sociedade de Investimentos, S.A.
Description
a company whose corporate purpose consists of financial operations and the associated services; these aim to improve financing conditions in order to give an impetus to the investment, development and business restructuring of non-financial entities. The company is the manager of among other entities FACCE (Fundo Autónomo de Apoio à Concentração e Consolidação de Empresas), which seeks, in particular, to support operations involving the restructuring, merging and consolidation of enterprises.
Acquired
Uniceram - Cerâmicas Associadas, S.A.
Description
a company set up by enterprises in the ceramics sector; its corporate purpose is the production of ceramics, including the manufacture and marketing of every kind of ceramic materials for civil construction and public works.
Sector
  • Extractive and manufacturing Industries
Activity (NACE)
  • C2332 - Manufacture of ceramic bricks, tiles and construction products
Applicable legislation
Art. 9(1)(b) (Law 18)
Notification thresholds
Turnover
Type of merger
Conglomerate
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Case description
Notified on 21 June 2010, the present merger operation consists of the acquisition, by PME Investimentos - Sociedade de Investimentos SA (PME Investimentos) and Espírito Santo Ventures - Sociedade de Capital de Risco SA (ES Ventures), of joint control of Uniceram - Cerâmicas Associadas SA (Uniceram), via the acquisition of shareholdings.
Timeline
2010-07-22
Competition Authority Council adopts a ruling of non-opposition to Merger 24/2010 PME Investimentos*Espírito Santo Ventures/Uniceram.
2010-06-29
Publication of the announcement - PME Investimentos - Sociedade de Investimentos SA (PME Investimentos) and Espírito Santo Ventures - Sociedade de Capital de Risco SA (ES Ventures) notify acquisition of joint control of Uniceram - Cerâmicas Associadas SA (Uniceram), via the acquisition of shareholdings.
Click here to see your activities