Case details

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Merger control
Case reference
Ccent/2024/79 - Castellana*Tiekenveen / Alegro Sintra
Acquired
Alegro Sintra - Sociedade Imobiliária, S.A.
Description
Company that owns the autonomous units that make up the Alegro Sintra shopping mall, operating in the market for leasing spaces in shopping malls to third parties for retail, restaurants, leisure and similar activities.
Acquiring
Castellana Properties SOCIMI, S.A.
Description
Stock-listed real estate investment company in Spain specializing in the acquisition, management and renovation of real estate assets in the retail sector. This company is owned by Vukile Property Fund Limited and has been present in Portugal since 2024, through its subsidiary Caminho Propício, S.A., which owns three shopping centers: Loures Shopping Centro Comercial, S.A, in Loures, Rio Sul – Centro Comercial, S.A., located in Seixal and 8ª Avenida – Centro Comercial S.A., located in São João da Madeira.
Acquiring
TIEKENVEEN HOLDING B.V.
Description
Company based in the Netherlands, dedicated to the holding and management of equity interests, indirectly controlled by ELO S.A. (previously called Auchan Holding, S.A.), holding company of the ELO Group. The ELO Group's main activity is retail distribution, under the Auchan banner, and is also present in the real estate sector, e-commerce and the banking sector.
Sector
  • Others
Activity (NACE)
  • L6810 - Buying and selling of own real estate
Applicable legislation
Art. 37(1)(c) (Law 19)
Notification thresholds
Turnover threshold
Type of merger
Horizontal
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-opposition
Case description

The merger operation in question consists of the acquisition by Castellana Properties SOCIMI, S.A. (“Castellana”) and Tiekenveen Holding B.V. (“Tiekenveen”) (together, referred to as the “Notifiers”) of joint control over Alegro Sintra – Sociedade Imobiliária, S.A. (“Alegro Sintra” or “Acquired”).

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