PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2025/6 - PIB Group Iberia / Vitorinos
Acquiring
PIB Group Iberia Correduría de Seguros y Reaseguros, S.A.U.
Description
It is a subsidiary of PIB Group Limited (“PIG Group”), and is indirectly controlled by Apax Partners LLP (“AP”). PIB Group is an independent insurance distributor that operates in several countries, but does not yet carry out any activity in Portugal. In turn, AP controls GamaLife, an insurer specializing in life insurance in Portugal.
Acquired
Vitorinos – Mediação de Seguros, Lda.
Description
Insurance intermediary in Portugal, operating in all areas of activity (life and non-life). It has 6 subsidiaries located in Lisbon, Torres Novas, Moncorvo, Santarém and Castelo de Paiva.
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 concentration operation consists of the acquisition, by PIB Group Iberia Correduría de Seguros y Reaseguros, S.A.U. (“PIB Group Iberia”) of exclusive control over Vitorinos – Mediação de Seguros, Lda. (“Vitorinos”) and its 6 subsidiaries.
Timeline
2025-01-22
PIB Group Iberia notifies the acquisition of exclusive control over Vitorinos.
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