Case details

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Merger control
Case reference
Ccent/2023/81 - TCC / Cimpor
Acquired
Cimpor Portugal Holdings, SGPS, S.A.
Description
It is an international cement group, currently present in Portugal, Cape Verde, Ivory Coast and Cameroon, and is starting to invest in Ghana, which sells cement to several European and African countries and, also, to Canada. In Portugal, Cimpor currently has three cement production units, two clinker mills, forty-two ready-mixed concrete plants, ten quarries, two dry mortar factories and a paper bag factory in its operations.
Acquiring
Taiwan Cement Europe Holdings B.V.
Description
Subsidiary of Taiwan Cement Corporation, a company incorporated under the laws of the Republic of China, with its registered office in Taiwan. TCC Group is active in the energy sector, including battery manufacturing, production and sale of cement, cement products and precast concrete. The TCC Group does not hold, directly or indirectly, any interest in companies that operate in Portugal in the same markets in which Cimpor operates. The TCC Group operates in Portugal through Atlante Infra Portugal, S.A., previously known as Kilometer Low Cost, S.A., in the activity of charging electric vehicles.
Sector
  • Extractive and manufacturing Industries
Activity (NACE)
  • K6420 - Management activities of holding companies
Applicable legislation
Art. 37(1)(a) (Law 19)
Notification thresholds
Market Share threshold
Type of merger
Conglomerate
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-opposition
Case description

The merger in question consists of the acquisition by Taiwan Cement Europe Holdings B.V. (“TCC”) of 100% of the share capital and voting rights and, inherently, the respective exclusive control of Cimpor Portugal Holdings SGPS, S.A. (“Cimpor” ).

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