PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2022/49 - SQUARE / Saudeinveste
Acquired
Fundo de Investimento Imobiliário Fechado Saudeinveste
Description
Closed-end real estate investment fund for private subscription, aimed at investing in properties for hospital units currently managed by CGA. The portfolio of properties held by Fundo Saudeinveste includes the buildings where the following health units operate: (i) Hospital Lusíadas Lisboa; (ii) Hospital Lusíadas Porto (Boavista); (iii) Hospital Lusíadas Albufeira and (iv) Hospital de S. Gonçalo de Lagos (of the HPA Saúde Group).
Acquiring
SQUARE Asset Management - Sociedade Gestora de Organismos de Investimento Colectivo S.A.
Description
Management company of real estate investment, income and restructuring funds, aimed at institutional and individual investors, controlled by RIGHT SQUARE SGPS, S.A..
Sector
Activity (NACE)
Applicable legislation
Art. 37(1)(c) (Law 19)
Notification thresholds
Turnover threshold
Type of merger
Conglomerate
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-opposition
Case description

The notified concentration consists of the acquisition of sole control over Fundo Saudeinveste by SQUARE Asset Management.
Timeline
2022-11-08
The AdC issued a non-opposition decision to the merger 49/2022 - SQUARE / CGA.
2022-10-18
SQUARE notifies the management company function of Fundo Saudeinveste.
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