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Autoridade da Concorrência

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Merger control
Case reference
Ccent/2024/93 - EFMS / Negócio de Estações Terrestres do Grupo Eutelsat
Acquired
AntennaCo Holdings
Description
Eutelsat Group's passive ground station infrastructure business and includes assets that enable data transmission between Earth and orbiting satellites located or used in teleports owned and operated by the Eutelsat Group (located in France, Italy and Portugal), on teleports owned and used by third parties (in various jurisdictions), and on OneWeb Satellite Network Portals (in various jurisdictions). In Portugal, the Target Business will use a ground station located in Caniçal, Madeira, and OneWeb SNP in Portugal.
Acquiring
EQT Fund Management S.A R.L.
Description
Management entity integrated into the EQT Group. In Portugal, the EQT Funds have investments, through the companies that are part of their portfolio, in various sectors, such as services, technology, food, health, industry, energy.
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 consists of the indirect acquisition, by the investment fund EQT Infrastructure VI, managed by the alternative investment fund manager EQT Fund Management S.à.r.l (part of the EQT Group, hereinafter “EQFM”), of exclusive control over the “Target Business”, which is currently part of the Eutelsat Group.
Timeline
2025-01-03
EQT Fund Management notifies the acquisition of exclusive control over the Earth Stations Business of the Eutelsat Group.
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