Idealist has given up buying real estate portal and guilt of competition for deep investigation – and delays in the business.
A Idealistic was moving to buy Portal 47, a British society that owns the portal Kyero – which is an online platform for real estate ads.
It would be an “exclusive control over Portal 47”, reads the notification sent to the Competition Authority (ADC) in January this year.
Kyero, intended for individuals living in Germany, the United Kingdom and northern Europe – and want to buy or lease a property in France, Italy, Portugal and Spain.
A AdC advanced to a investigation to the process, normal. But found “indications that the acquisition of the portal47 by the idealist could raise serious competitive concerns ”.
And, therefore, decided deepen the investigation.
With the questions of the ADC, and with the prolonged investigation, the Idealist gave up of the business. You will not buy on the portal47.
In a statement, justifies: “The unjustified delay of the ADC severely deteriorated the conditions of the operation. This deterioration ultimately made unfeasible the acquisition of Kyero in Portugal ”.
The idealist considers that this investigation of the ADC was not justified because the portal Kyero “Represents approximately 1% of the Portuguese marketin which thousands of active real estate agencies operate, which confirms their limited reach and lack of relevance competitive in Portugal ”.
“In addition, Kyero has about 7,000 customers in Europeof which only 3% They are customers active Portuguese ”, The statement continues.
The idealist stresses that for 8 months this business has been investigated by the competition authority, asking for “very extensive information”.
But, claims, such “serious concerns of competition” They were never communicated “In a detailed and objective way to the idealist, accompanied by an unambiguous theory of damage, as requires the right to competition, although the idealist requested it on several occasions.”
A ADC REAGE, NO: “A idealista did not present commitments intended to remedy Jusconcurrencing concerns, having chosen to give up the procedure ”.
