On October 8, 2026, the Board of Directors of the Portuguese Competition Authority (AdC) made a significant decision regarding the merger operation Ccent/2026/73 involving GSAM and LCN.

The authority exercised its powers under the relevant statutes and concluded that the merger does not pose a threat to effective competition within the national market or any substantial part of it.

This non-opposition decision indicates that the merger is unlikely to create significant obstacles to competition, allowing the companies to proceed with their plans without further regulatory hurdles.