The Portuguese Competition, Regulation and Supervision Court annuls decision imposing a fine on a non-notified merger due to shortcomings related to rights of defence (ANF / Farminveste)

Following the Portuguese Competition Authority (PCA) decision dated 28 December 2012 imposing a total EUR 149,278.79 fine on the National Pharmacy Association (Associação Nacional de Farmácias - ANF) and two of its subsidiaries, Farminveste 3 – Gestão de Participações, S.G.P.S., Lda. (Farminveste SGPS) and Farminveste – Investimentos, Participações e Gestão, S.A. (Farminveste SA) for implementing a concentration without the necessary clearance from the PCA, all three undertakings

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Nuno Carrolo dos Santos, The Portuguese Competition, Regulation and Supervision Court annuls decision imposing a fine on a non-notified merger due to shortcomings related to rights of defence (ANF / Farminveste), 27 September 2013, e-Competitions Bulletin Burden of proof, Art. N° 62864

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