Case details

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Merger control
Case reference
Ccent/2026/48 - Crest Agro*Família Frias / Bioflorestal
Acquiring
Ana Adelaide Fernandes Frias
Description
It engages in activities in the forestry and related sectors, including the sale of timber and biomass, the provision of forestry services, transportation and equipment rental, as well as agricultural and real estate activities.
Acquired
Bioflorestal, S.A.
Description
It is dedicated to the commercialization of wood, wood chips and forest biomass. It also develops a set of complementary and ancillary activities in the forestry sector, including, in particular, the debarking of eucalyptus wood, mobile (in the forests) shredding of wood chips and biomass, the provision of wood cutting and skidding services in the forest (excluding transport), the provision of forest cleaning services and the rental of forestry machinery and the application of phytopharmaceutical products.
Acquiring
Crest Agro I – Fundo de Capital de Risco Fechado
Description
This fund has an investment strategy in the agri-food sector, focusing on the exploration and enhancement of agricultural and forestry assets, as well as the development of sustainable projects associated with the bioeconomy. It is managed by Crest Capital Partners, a venture capital firm that, in addition to Crest Agro, manages other funds with stakes in companies operating in the following sectors: fresh fruits and vegetables, wholesale trade of products and equipment for swimming pools, production of precast concrete, provision of audiovisual services, production of bathroom furniture, road passenger transport services, precision metallurgy manufacturing in thin sheet metal, fish farming, forestry and forestry services.
Acquiring
Vitor Fernando Abreu Oliveira Frias
Description
It engages in activities in the forestry and related sectors, including the sale of timber and biomass, the provision of forestry services, transportation and equipment rental, as well as agricultural and real estate activities.
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 acquisition, by Crest Agro I – Closed Venture Capital Fund (“Crest Agro”), together with the Frias Family, of control over BIOFLORESTAL, S.A. (“Bioflorestal”).

Timeline
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