The competition authority in Portugal (Autoridade da Concorrência - AdC) decided last November 19, 2009, after investigation, to prohibit the acquisition by TAP - Transportes Aéreos Portugueses, S.A (TAP) of the exclusive control of SPdH - Serviços Portugueses de Handling,S.A. (SPdH), by acquiring further 50,1% of the shares of SPdH, previously owned by a pool of banks [1]. TAP, the national airline of Portugal, is also owner of the regional subsidiary carrier Portugalia and has been a member of the Star Alliance since March 2005. Its hub in Lisbon is a key European gateway comprising 65 destinations in 30 countries worldwide. SPdH is a company dedicated to handling services in Portuguese airports, excluding Azores, using the trademark Groundforce. Previous to the acquisition, TAP had
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The Portuguese Competition Authority prohibits an acquisition in the airport handling services market and orders share divestiture (GroundForce / TAP)
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