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Portugal competition authority approves two separate acquisitions

Portugal’s Competition Authority approved Allianz’s acquisition of Caravela and, according to Correio da Manhã, also approved Vusiongroup’s purchase of the ISM group, saying it does not significantly hinder competition.

2 sources2 points, 1 confirmed

What we know

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Points, in the order they emerged

A point is one statement a source made. It is confirmed when two or more independent sources carry it. Quotes are verbatim.

  1. Portugal’s Competition Authority approved Vusiongroup’s purchase of the ISM group, saying it does not significantly hinder competition.

    One source
    What the source said
    Correio da Manhã
    “Segundo a AdC, a operação "não é suscetível de criar entraves significativos à concorrência efetiva no mercado nacional ou numa parte substancial deste".”

    Machine translation: According to the AdC, the operation "is not likely to create significant obstacles to effective competition in the national market or a substantial part of it".

    Read at Correio da Manhã
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  2. Portugal’s Competition Authority gave the green light for Allianz’s acquisition of Caravela.

    Confirmed by 2
    What the 2 sources said
    ECO
    “deu “luz verde” à compra da Caravela”

    Machine translation: gave the green light to the purchase of Caravela

    A Autoridade da Concorrência (AdC) deu “luz verde” à compra da Caravela, empresa que desenvolve atividade no ramo dos seguros Não Vida, pela Allianz Portugal, foi esta segunda-feira anunciado. Em comunicado, a AdC regista que o seu Conselho de Administração decidiu, numa reunião em 25 de setembro, adotar “uma decisão de não oposição à operação […]

    Read at ECO
    Correio da Manhã
    “Allianz Portugal desenvolve atividade nos ramos de seguros de vida e não vida e integra o Grupo Allianz, grupo de seguros e gestão de ativos com presença em mais de 70 países.”

    Allianz Portugal operates in life and non-life insurance and is part of the Allianz Group, an insurance and asset management group present in more than 70 countries.

    Read at Correio da Manhã
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Who reported it

Not reported (yet) by CNN Portugal, Diário de Notícias, Jornal de Negócios, Observador, Portugal Resident, Público, RTP Notícias, Renascença, The Portugal News.

How recent

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