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Portugal: AdC does not oppose Cofina/Media Capital merger

By  |  January 5, 2020

The AdC (Autoridade da Concorrência) decided today not to oppose to the merger  whereby Cofina SGPS S.A. would acquire sole control of Grupo Media Capital SGPS, S.A. 

After concluding an exhaustive analysis, the AdC considers that the merger is unlikely to harm competition in any of the relevant markets, such as the supply of basic pay-TV channels, in the press and other digital contents and advertising markets. 

The AdC considers that the entity resulting from the merger will have significant positions in several markets in which it is involved. However, these positions pre-exist the current operation and, where overlapping occurs, the resulting increase of market  share  is small and does not give rise to competitive   concerns.

Full Content: Autoridade da Concorrencia

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