On January 10, 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 Ascendi IGI and EGI

The Portuguese Competition Authority (AdC) has issued a non-opposition decision to the merger between Ascendi IGI and EGI. The decision was made under the Competition Law and concludes that the merger is unlikely to create significant barriers to competition in the national market. This approval allows the merger to proceed without any further competition law concerns.

The AdC issued a non-opposition decision to the merger 77/2023 - Ascendi IGI / EGI.
The AdC issued a non-opposition decision to the merger 77/2023 - Ascendi IGI / EGI.

AdC Approves Merger Between Ascendi IGI and EGI

The Portuguese Competition Authority has given its approval to the merger between Ascendi IGI and EGI, stating that it does not pose significant competition concerns.