PT
Autoridade da Concorrência

Case details

Print
Merger control
Case reference
Ccent/2025/59 - ACO II / Transfor
Acquiring
ACO II May, S.À.R.L.
Description
A Luxembourg-based company, part of the Arrow Group. The Arrow Group's activities in Portugal include the management of non-performing loans (NPLs), performing loans (PLs), real estate investments and tourism operations through Whitestar, Restart Capital, Norfin, and Details – Hospitality, Sports & Leisure, the operation of tourist accommodations and golf courses, the production and sale of ceramic flooring and coverings, the sale of hotel furniture and equipment, the operation of used vehicle platforms, and education and training activities.
Acquired
Transfor Group, S.A.
Description
Portuguese group active in the engineering and construction sector, particularly through its subsidiaries, in civil construction, carpentry and industrial metalwork, interior remodeling and sustainability projects.
Sector
Activity (NACE)
Applicable legislation
Notification thresholds
Type of merger
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-opposition
Case description

The concentration operation consists of the acquisition, by ACO II May S.À.R.L., of exclusive control of Transfor Group S.A. and its subsidiaries.
Timeline
2025-08-20
AdC adopted a non-opposition decision in concentration operation 59/2025 - ACO II / Transfor.
2025-07-31
ACO II May S.À.R.L. notifies the acquisition of exclusive control of Transfor Group S.A. and its subsidiaries.
Click here to see your activities