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Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2023/32 - Horizon Infrastructure*RBIF Luxco / Euroscut Açores
Acquired
Euroscut Açores – Sociedade Concessionária da SCUT dos Açores, S.A.
Description
Company under Portuguese law operating in the transport sector, which was awarded the exclusive concession of the motorway on the island of São Miguel, Portugal.
Acquiring
HORIZON INFRASTRUCTURE II HOLDING COMPANY S.À.R.L.
Description
Company owned by an investment fund, based in Luxembourg, which invests in infrastructure. In Portugal, it holds investments in companies active in the sectors of electric vehicle chargers, renewable energy (solar panels), hospital infrastructure and municipal gas concessions.
Acquiring
RBIF LUXCO ONE
Description
Company that integrates a European investment fund, dedicated to investments in infrastructure and public-private partnerships. Riverrock does not control any investment in Portugal.
Sector
  • Transport & Infrastructure
Activity (NACE)
  • H5221 - Supporting activities  to land transportation
Applicable legislation
Art. 37(1)(a) (Law 19)
Notification thresholds
Market Share threshold
Type of merger
Conglomerate
Cooperation with sector regulators
  • AMT - Mobility and Transport Authority
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-opposition
Case description

The merger operation in question consists of the acquisition, by HORIZON INFRASTRUCTURE II HOLDING COMPANY S.À.R.L. and RBIF LUXCO ONE, jointly controlling EUROSCUT AÇORES – SOCIEDADE CONCESSIONÁRIA DA SCUT DOS AÇORES, S.A..
Timeline
2023-07-20
The AdC issued a non-opposition decision to the merger 32/2023 - Horizon Infrastructure*RBIF Luxco One / Euroscut Açores.
2023-06-28
Horizon Infrastructure and RBIF Luxco notify the acquisition of joint control over Euroscut Açores.
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