On January 24, 2024, the Board of Directors of the Competition Authority, in the exercise of the powers conferred upon it by paragraph d) of paragraph 1 of article 19 of the Statutes, approved by Decree-Law no. 125/2014, of 18 August, decides to adopt a decision of non-opposition to the concentration operation, under the terms of paragraph b) of number 1 of article 50 of the Competition Law, since it is not susceptible to create significant impediments to effective competition in the national market or in a substantial part of it.

AdC Approves Merger between TCC and Cimpor

The AdC has approved the merger between TCC and Cimpor, stating that it does not create significant obstacles to competition in the national market. This decision was made in accordance with the Competition Law and the powers granted to the AdC. The non-opposition decision means that the merger can proceed without any further competition concerns. The specific details of the merger, such as the nature of the businesses involved and the potential implications for other companies, are not provided in the article.

The AdC issued a non-opposition decision to the merger 81/2023 - TCC / Cimpor.
The AdC issued a non-opposition decision to the merger 81/2023 - TCC / Cimpor.

AdC Approves Merger between TCC and Cimpor

The Portuguese Competition Authority (AdC) has issued a non-opposition decision for the merger between TCC and Cimpor, stating that it does not pose significant competition concerns.