PT
Autoridade da Concorrência

Case details

Print
Merger control
Case reference
CCENT/2010/46 - GALP / Setgás
Acquiring
GDP - Gás de Portugal, SGPS, S.A.
Description
a Portuguese-registered company, wholly and directly owned by Galp Energia SGPS SA, a holding company of the Galp Group, which operates in Portugal along the whole of the value chain for petroleum and natural gas, and in the power sector; it also operates in other countries.
Acquired
Setgás Comercialização, S.A.
Description
a Portuguese-registered company that buys and sells natural gas, as the final retailer; it has exclusivity in this activity in the region, which, broadly speaking, corresponds to the district of Setúbal. It is also involved in other directly or indirectly related activities.
Sector
  • Energy and Fuels
Activity (NACE)
  • D3523 - Trade of gas through mains
Applicable legislation
Art. 9(1)(a) and (b) (Law 18)
Notification thresholds
Turnover and market share
Type of merger
Horizontal
Cooperation with sector regulators
  • ERSE - Regulatory Authority for Energy Services
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-opposition
Case description
Notified on 3 November 2010, the present merger operation consists of the acquisition, by the undertaking GDP - Gás de Portugal SGPS SA ("GDP"), of sole control of Setgás Comercialização SA ("Setgás CUR"), by means of the acquisition of a majority shareholding in its registered capital.
Timeline
2010-12-10
Competition Authority Council adopts a decision of non-opposition to merger 46/2010 - GALP/Setgás.
2010-11-05
Publication of the announcement - The enterprise GDP - Gás de Portugal SGPS SA ("GDP") notifies acquisition of sole control of Setgás Comercialização SA ("Setgás CUR"), by means of the acquisition of a majority shareholding in its registered capital.
Click here to see your activities