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Autoridade da Concorrência

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
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
Activity (NACE)
Applicable legislation
Notification thresholds
Type of merger
Cooperation with sector regulators
Status
Ongoing
Type of Investigation
AdC’s decision
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”).
Timeline
2024-11-25
Castellana and Tiekenveen notify the acquisition of joint control over Alegro Sintra.
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