CELEX: 32022M10541
Language: en
Date: 2022-03-04 00:00:00
Title: Commission Decision of 04/03/2022 declaring a concentration to be compatible with the common market (Case No COMP/M.10541 - GOLDMAN SACHS / GRUPO VISABEIRA / CONSTRUCTEL VISABEIRA) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 04.03.2022
                                                                C(2022) 1457 final
                                                                                 PUBLIC VERSION
                                                                The Goldman Sachs Group, Inc.
                                                                Plumtree Court, 25 Shoe Lane
                                                                EC4A 4AU London
                                                                United Kingdom
                                                                Grupo Visabeira S.A.
                                                                Rua do Palácio do Gelo, nº 1, Palácio do
                                                                Gelo Shopping Piso 3
                                                                3500-606 Viseu
                                                                Portugal
Subject:        Case M.10541 - GOLDMAN SACHS / GRUPO VISABEIRA /
                CONSTRUCTEL VISABEIRA
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                                        1
                (EC) No 139/2004 and Article 57 of the Agreement on the European
                                    2
                Economic Area
Dear Sir or Madam,
1.      On 10 February 2022, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Goldman
        Sachs Group, Inc. (“Goldman Sachs”, United States of America), and Grupo
        Visabeira S.A. (“Visabeira”, Portugal) intends to acquire within the meaning of
        Article 3(1)(b) and 3(4) of the Merger Regulation joint control over the whole of the
        undertaking Constructel Visabeira, S.A (“Constructel”, Portugal), controlled by
        Visabeira by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
        −     for Goldman Sachs: the provision of a range of banking, securities and investment
              services worldwide to its client base including corporations, financial institutions,
              governments and high-net-worth individuals,
1       OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’). With effect from 1 December 2009, the Treaty on
        the Functioning of the European Union (‘TFEU’) has introduced certain changes, such as the
        replacement of ‘Community’ by ‘Union’ and ‘common market’ by ‘internal market’. The terminology
        of the TFEU will be used throughout this decision.
2       OJ L 1, 3.1.1994, p. 3 (the ‘EEA Agreement’).
3       Publication in the Official Journal of the European Union No C 78, 18.02.2022, p. 51.
Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË
Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.
 ---pagebreak---    −   for Visabeira: a range of industrial and other activities across Europe and around
       the world, including telecommunications, energy, construction and technology,
       ceramics and glassware, kitchen furniture, biofuels (pellets) and energy systems,
       and hotels, resorts and entertainment complexes, shopping malls and services,
   −   for Constructel: design, planning, engineering, construction, repair and
       maintenance of telecommunication networks and energy infrastructure.
3. After examination of the notification, the European Commission has concluded that
   the notified operation falls within the scope of the Merger Regulation and of
   paragraph 5(b) of the Commission Notice on a simplified procedure for treatment of
   certain concentrations under Council Regulation (EC) No 139/2004. 4
4. For the reasons set out in the Notice on a simplified procedure, the European
   Commission has decided not to oppose the notified operation and to declare it
   compatible with the internal market and with the EEA Agreement. This decision is
   adopted in application of Article 6(1)(b) of the Merger Regulation and Article 57 of
   the EEA Agreement.
                                                  For the Commission
                                                  (Signed)
                                                  Olivier GUERSENT
                                                  Director-General
4  OJ C 366, 14.12.2013, p. 5.
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