PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2024/63 - Sierra / Norteshopping
Acquired
Norteshopping – Centro Comercial, SA
Description
Company that owns the “NorteShopping” shopping center located in Senhora da Hora, municipality of Matosinhos, district of Porto. Its main activity consists of providing spaces to third parties, in the shopping center, for carrying out commerce, catering, leisure and similar activities.
Acquiring
Sonae Sierra, SGPS, SA
Description
Holding company of an international group whose activity comprises the development, investment and management of shopping centers and other real estate assets intended for commercial activities and also the provision of investment, development and real estate management services. Sierra is controlled exclusively by Sonae SGPS, S.A., the holding company of a group that brings together a wide range of interests in companies with activities primarily focused on food and non-food distribution businesses, the provision of financial services to consumers, telecommunications and audiovisual sector, as well as information technologies and software.
Sector
Activity (NACE)
Applicable legislation
Notification thresholds
Type of merger
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-opposition
Case description

The merger operation in question in the acquisition by Sonae Sierra, SGPS (“Sierra” or “Notificante”), indirectly through a subsidiary, of exclusive control over Norteshopping – Centro Comercial S.A. (“Norteshopping” or “Acquired”).
Timeline
2024-11-06
Phase I Decision - The AdC issued a non-opposition decision to the merger 63/2024 - Sierra / Norteshopping.
2024-10-04
Sonae Sierra notifies the acquisition of exclusive control over Norteshopping.
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