PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2025/61 - Vanguardeagle*ABNSOUZA / Everstone
Acquiring
ABNSOUZA Investimentos, S.A.
Description
A company dedicated exclusively to the Master Franchising of the real estate agency franchise network under the Century21 brand in Portugal and Spain, without holding any franchises of its own.
Acquired
Everstone, S.A.
Description
A joint venture owned by Vanguardeagle – Asset Management, Lda. and ABNSOUZA Investimentos, S.A. (“ABNSOUZA”), which will focus on providing real estate services through the Corcoran Franchise in Portugal.
Acquiring
Vanguardeagle – Asset Management, Lda.
Description
A company primarily dedicated to real estate development, whose share capital is held by the PNI Group and José Cardoso Botelho.
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 creation of a joint venture by Vanguardeagle – Asset Management, Lda. (“Vanguardeagle”) and ABNSOUZA Investimentos, S.A. (“ABNSOUZA”), which will be dedicated to the provision of real estate services through the operation of the Corcoran Franchise in Portugal.
Timeline
2025-08-05
Vanguardeagle and ABNSOUZA notify the acquisition of joint control over Everstone.
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