The Competition Authority (CA) confirmed on Wednesday that the concentration Suma / EGF will pass the detailed investigation phase. The Government decided in September that the Suma, controlled by Mota-Engil group, would be the winner of the privatization of EGF, the sub holding of Águas de Portugal for the management of municipal waste. The High offered 150 million euros for the EGF.
“The Competition Authority decided to initiate this phase of in-depth investigation on the grounds that, in the light of information gathered in the first stage of the procedure, doubt that the operation can significantly impede effective competition in the provision of support services to waste management urban municipal responsibility, “the statement issued by the regulatory authority.
The decision to pass the thorough investigation by the concentration on the acquisition of sole control of EGF by Suma was adopted on Tuesday, but the CA had already notified last month the Suma and the entities that were formed as counter-interested in the process of this intention.
In this new procedure, the entity headed by António Ferreira Gomes “develop complementary measures of research necessary to clarify the doubts identified. ” The regulator says will pay particular attention to “risks of market closure, arising from the integration in the same business group of complementary activities in the field of collection and treatment of urban waste.”
CA states that the its decision took into consideration the observations and the Summa either the entities that formed as counter-interested in the concentration process. Among them, the cities of Lisbon, Loures and Vila Franca de Xira (shareholders and customers Valorsul, which is the flagship company of the group EGF), the Spanish FCC (who ran for privatization of EGF) and an industry group of companies: Cespa Portugal, Citri, Hidurbe, Recolte, Fomentinvest Environment, Network Environment, Semural, Recivalongo and Retria.
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