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Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2024/48 - IIP Platinum Fibre / Noae Investments
Acquiring
IIP Platinum Fibre S.à r.l.
Description
Investment company controlled by the global investment group, First Sentier Investors (“FSI”). In Portugal, the FSI Group has exclusive control of the Finerge Group, active in the Energy sector.
Acquired
Noae Investments, S.A.
Description
Holding company, whose sole asset is AEDL – Autoestradas do Douro Litoral, S.A., a subsidiary owned by it 100% and which operates the Douro Litoral Concession, integrating three motorways.
Sector
  • Transport & Infrastructure
Activity (NACE)
  • H5221 - Supporting activities  to land transportation
Applicable legislation
Art. 37(1)(a) and (c) (Law 19)
Notification thresholds
Market Share and Turnover thresholds
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 transaction at issue in the acquisition by IIP Platinum Fiber S.à r.l. of exclusive control over Noae Investments, S.A., currently under joint control of the companies Field Point Acquisitions S.à. r.l., Ringsend S.à. r.l., Yellow Sapphire S.à r.l., Rathgar S.à r.l., Kings Forest S.à. r.l. and Cross Ocean USD ESS II S.à. r.l.
Timeline
2024-08-21
The AdC issued a non-opposition decision to the merger 48/2024 - IIP Platinum Fibre / Noae Investments.Cleva.
2024-08-05
IIP Platinum Fibre notifies the acquisition of exclusive control of Noae Investments.
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