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Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2024/13 - Impact III*Mota-Engil / Lineas
Acquiring
Impact III S.à.r.l.
Description
Vehicle company based in Luxembourg and used for investment purposes in infrastructure projects, is owned by Serena Infra S.c.s.p. which in turn is managed by Serena. No company in the group that Serena is part of is present in Portugal.
Acquired
Lineas – Concessões de Transportes, SGPS, S.A.
Description
It holds controlling stakes in companies that manage transport infrastructure, namely Lusoponte S.A. and Douro Interior, S.A.
Acquiring
Mota-Engil, SGPS, S.A.
Description
Integrated into the Mota-Engil group, it develops its activity in the sectors of public and private works, collection and treatment of urban solid waste, electricity production, charging of electric vehicles and maintenance of buildings and industrial infrastructures.
Sector
  • Transport & Infrastructure
Activity (NACE)
  • K642 - Management activities of holding companies
Applicable legislation
Art. 37(1)(c) (Law 19)
Notification thresholds
Turnover 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 concentration operation consists of the acquisition, by Impact III S.à.r.l. (“Impact III”), a fund managed by the management entity Serena Industrial Partners GP, S.à.r.l. (“Serena”) and by Mota Engil, Concessões, S.A. (“Mota-Engil”), jointly controlled by Lineas-Concessões de Transportes, SGPS, S.A. (“Lineas”).
Timeline
2024-03-20
The AdC issued a non-opposition decision to the merger 13/2024 - Impact III*Mota-Engil / Lineas.
2024-02-27
Impact III and Mota-Engil notify the acquisition of joint control over Lineas.
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