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Autoridade da Concorrência

Case details

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Merger control
Case reference
CCENT/2012/17 - BES/BES-Vida
Acquiring
Banco Espírito Santo, S.A .
Description
Company active in the financial/banking sector.
Acquired
BES-Vida, Companhia de Seguros, S.A.
Description
Company active in the financial sector.
Sector
  • Banking, Financial and Insurance activities
Activity (NACE)
  • K6511 - Life insurance and others complementary activities of social security
Applicable legislation
Art. 9(1)(b) (Law 18)
Notification thresholds
Turnover
Type of merger
Horizontal
Cooperation with sector regulators
  • ASF - Insurance and Pension Fund Supervisory Authority
  • CMVM - Securities Market Commission
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-opposition
Case description
The notified concentration consists of the acquisition of sole control over BES-Vida by BES
Timeline
2012-05-03
2012-04-12
Publication of the announcement
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