Prior notification of a concentration (Case M.12390 – COBEGA / PORTOBELLO / SONAB / CAIBA / NOSOPLAS)
Date: 2026-08-07
Institutions: Directorate-General for Competition, European Commission
Subjects: European Economic Area, Spain, beverage industry, economic concentration, investment company, merger control, non-alcoholic beverage, packaging product, plastics, property leasing, recycled product








C_202604340EN.000101.fmx.xml












Official Journal of the European Union


EN
C series













C/2026/4340


7.8.2026






Prior notification of a concentration
(Case M.12390 – COBEGA / PORTOBELLO / SONAB / CAIBA / NOSOPLAS)
(Text with EEA relevance)
(C/2026/4340)


1.   
On 27 July 2026, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).
This notification concerns the following undertakings:






—


Caiba, S.A. (‘Caiba’, Spain), indirectly controlled by Portobello Capital Fondo IV, FCR (‘Portobello’, Spain),










—


Nosoplas, S.L.U. (‘Nosoplas’, Spain), indirectly controlled by Cobega, S.A. (‘Cobega’, Spain),










—


Sonab, S.L. (‘Sonab’, Spain), a minority shareholder in Caiba.




Portobello, Cobega and Sonab will acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of the whole of the entity resulting from the merger between Caiba and Nosoplas.
The concentration is accomplished by way of purchase of shares.


2.   
The business activities of the undertakings concerned are the following:






—


Portobello is a fund that invests in entities operating in many sectors, including the automotive market, the education sector and supermarket chains,










—


Cobega is a holding company of an international group of companies the main activity of which is as the bottler and distributor of Coca-Cola in Spain, operating on the market for the wholesale distribution of beverages,










—


Sonab is a holding company operating in the leasing of real estate and in the administration and management of shareholdings and other securities,










—


Caiba is a company specialising in the manufacture of PET preforms and containers in Spain and their marketing primarily in Spain, even though it also has sales, albeit to a lesser extent, in other European Economic Area States,










—


Nosoplas is a company operating in the manufacture of recycled PET resins and PET preforms in Spain and their marketing primarily in Spain and, to a lesser extent, in other European Economic Area States.






3.   

On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.



4.   
The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.
Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:
M.12390 – COBEGA / PORTOBELLO / SONAB / CAIBA / NOSOPLAS
Observations can be sent to the Commission by email or by post. Please use the contact details below:
Email: COMP-MERGER-REGISTRY@ec.europa.eu

Postal address:





European Commission




Directorate-General for Competition




Merger Registry




1049 Bruxelles/Brussel




BELGIQUE/BELGIË







(1)  
            OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).


ELI: http://data.europa.eu/eli/C/2026/4340/oj
ISSN 1977-091X (electronic edition)