Photo Monte Rei Golf | DR
The Luxembourg company ACO II, which is part of the Arrow group, notified the Competition Authority (AdC) of its intention to acquire control of the brands that make up the Monte Rei Golf & Country Club business.
The operation consists of the acquisition, by ACO II MAY S.À.RL (ACO II), of exclusive control over the companies and assets that make up the Monte Rei Golf & Country Club business.
ACO II is a Luxembourg company whose activities in Portugal correspond to the management of overdue loans and real estate investments, and also operates in the area of tourist accommodation in the Algarve and Madeira regions, and golf courses, in the Algarve and in Lisbon.
The companies targeted by this acquisition are owned by a group of seven companies that operate in the tourism sector under the Monte Rei Golf & Country Club brand, and these are dedicated to the exploration and management of a group of projects in the Algarve region.
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