PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2025/95 - MDS / Seguramos
Acquiring
MDS - Corretor de Seguros, S.A.
Description
A Portuguese company dedicated to insurance brokerage and consulting in Portugal, indirectly owned and controlled by the Ardonagh Group.
Acquired
SEGURAMOS – Corretores e Consultores de Seguros, S.A.
Description
A Portuguese company operating in the independent insurance brokerage and consulting services sector in Portugal, serving both corporate and private clients.
Sector
  • Banking, Financial and Insurance activities
Activity (NACE)
  • K651 - Insurance
Applicable legislation
Art. 37(1)(c) (Law 19)
Notification thresholds
Turnover threshold
Type of merger
Vertical
Cooperation with sector regulators
  • ASF - Insurance and Pension Fund Supervisory Authority
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-opposition
Case description

The concentration operation consists of the acquisition, by MDS - Corretor de Seguros, S.A. (“MDS”), of exclusive control over Seguramos - Corretores e Consultores de Seguros, S.A. (“Seguramos”).
Timeline
2026-01-12
AdC adopted a non-opposition decision in concentration operation 95/2025 - MDS / Seguramos
2025-12-18
MDS notifies the acquisition of exclusive control over Seguramos
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