On October 8, 2025, the Board of Directors of the Competition Authority, in exercise of the power conferred upon it by paragraph d) of No. 1 of article 19 of the Statutes, approved by Decree-Law No. 125/2014, of August 18, resolves to adopt a decision of inapplicability to the notified concentration operation, under the terms of paragraph a) of No. 1 of article 50 of the Competition Law, since it is not covered by the obligation of prior notification provided for in paragraph 1 of article 37 of the Competition Law.

Portuguese Competition Authority Clears Merger 76/2025

On October 8, 2025, the Board of Directors of the Portuguese competition authority, known as AdC, made a significant decision regarding merger 76/2025 involving HCapital Partners, PCL, Premium Peculi, INSPARK, and NATIVE.

 The authority resolved to adopt a decision of non-applicability to the notified concentration operation. This decision was made under the provisions of the Competition Law, specifically citing that the merger does not fall under the obligation of prior notification as outlined in the relevant articles of the law.

 This ruling indicates that the merger can proceed without further regulatory scrutiny, streamlining the process for the involved parties.



Portuguese Competition Authority Clears Merger 76/2025

The Portuguese competition authority has issued a decision of non-applicability for the merger involving HCapital Partners and others, stating it does not require prior notification.