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Autoridade da Concorrência

Case details

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Merger control
Case reference
CCENT/2010/33 - Ilhas de Valor / Sinaga
Acquiring
Ilhas de Valor, S.A.
Description
a regional public undertaking whose capital is 100% owned, directly or indirectly, by the Autonomous Region of the Azores; its corporate purpose is the planning, promotion and development of tourist, commercial, industrial and other projects, in addition to the operation of services and the implementation of commercial, industrial and financial activities related to its principal corporate purpose.
Acquired
SINAGA - Sociedade de Indústrias Agrícolas Açorianas, S.A.
Description
a company that manufactures unrefined sugar, consumption sugar and molasses from sugar cane or sugar beet; it also refines sugar and produces ethyl alcohol.
Sector
  • Extractive and manufacturing Industries
Activity (NACE)
  • C1081 - Manufacture of sugar
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
Non-opposition
Case description
Notified on 20 July 2010, the present merger operation consists of the acquisition, by the undertaking Ilhas de Valor SA ("Ilhas de Valor"), of exclusive control of the undertaking SINAGA - Sociedade de Indústrias Agrícolas Açorianas SA ("SINAGA"), by means of the purchase of the major part of its registered capital.
Timeline
2010-08-23
2010-07-27
Publication of the announcement - The undertaking Ilhas de Valor SA notifies acquisition of exclusive control of the undertaking SINAGA - Sociedade de Indústrias Agrícolas Açorianas SA
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