The Portuguese Competition Authority holds that the non-timely execution of a divesture commitment leads to an opposition decision (Powervia / Laso merger)

I. Introduction On April 20, 2011, the Portuguese Competition Authority (PCA) was notified of a concentration under which Powervia, S.A. (Powervia), an investment fund, notified the acquisition of sole control over the following companies: Laso – Transportes, S.A., Auto – Laso, S.A. and Probilog Abnormal Loads, S.A.. (these three companies jointly referred as Laso). As a result of the transaction, Powervia aims to control these companies which are active in the provision of special road transport services in the Portuguese territory. In addition, Powervia, prior to the merger, is already active in the provision of special road transport services in Portugal through two companies: Transportes Gonçalo, S.A. and FHM – Transportes Especiais, S.A. Thus, this transaction had a horizontal

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Authors

  • Morais Leitão, Galvão Teles, Soares da Silva & Associados (Porto)
  • Morais Leitão, Galvão Teles, Soares da Silva & Associados (Porto)

Quotation

Carlos Botelho Moniz, Eduardo Maia Cadete, The Portuguese Competition Authority holds that the non-timely execution of a divesture commitment leads to an opposition decision (Powervia / Laso merger), 12 August 2012, e-Competitions Merger Remedies, Art. N° 48573

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