Competition Law in Tourism

436 COMPETITION LAW IN TOURISM abovementioned, and were the object of non-opposition decisions. Amongst them, we highlight the following ones concerning the accommodation activities: • In 2013, Investgave II, SGPS, S.A46. notified CA about the acquisition of exclusive control over Sociedades do Grupo Carlos Saraiva, a group of companies dedicated to the exploration of 5-star hotels and golf courts47; • Also in 2013, ECS – Sociedade de Capital de Risco48 notified the acquisition of exclusive control over Grande Buganvília – Projetos e Atividades Hoteleiras e Imobiliárias Turísticas, S.A., a company dedicated to the development of activities in the tourism sector and which indirectly owns a Hotel in Vilamoura, Algarve49; • In 2016, Oxy Capital50 notified the acquisition of control over Hotel da Praia, a company dedicated to the exploration of Praia D’El Rey Marriot Golf & Beach Resort51; • In 2018, Fundo SC152, notified the acquisition of control over Grupo Stay Hotels, a group dedicated to the exploration of 4, 3 and 2-star hotels in Portugal53. Considering a broader definition of touristic activities, we highlight the following concentrations having received non-opposition decisions: • In 2018, vertically integrated hotel group Barceló (through its entity Escalatur) acquired sole control of Portuguese touristic operator Nortravel54; • In 2020, vertically integrated group Barceló notified the acquisition specifically of Gestión de Viajes Deneb, S.L. (by then controlled by Globalia), which was present in Portugal solely through touristic operator Travelplan55; 46 A company owned by venture capital fund – Fundo Recuperação Turismo, FCR. 47 Ccent. 14/2013 Fundo Recuperação Turismo/Grupo CS. 48 By then, a managing company of three venture capital funds. 49 Ccent. 20/2013 ECS/Grande Buganvília. 50 A venture capital fund management company. 51 Ccent. 38/2016 Oxy Capital/Hotel da Praia. 52 A venture capital fund managed by Menlo Capital. 53 Ccent. 19/2018 Fundo SC1*Fundos Inter-Risco/ Stay Hotels SGPS. 54 Ccent. 13/2018 – Escalatur / Nortravel. 55 Ccent. 13/2020 - Barceló / Deneb. This notification was preceded by another one on 20 March 2020, when vertically integrated groups Barceló and Globalia conveyed the envisaged creation of a full-function joint venture which in Portugal would comprise the activities of travel agencies from both and the airline and touristic operator activities of Barceló. Approximately three weeks later, the same withdrew the same notification and the procedure came to an end (Ccent. 08/2020 – Barceló*Globalia/NewCo).

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