Boluda Group's Remolcanosa Merger Blocked in Portugal

The Portuguese competition authority has blocked Boluda Group's proposed acquisition of Remolcanosa Portugal – Serviços Marítimos, citing concerns that the merger would significantly weaken competition in the port maritime towage and mooring services markets, particularly in the Port of Sines. This decision underscores the regulator's commitment to maintaining competitive market conditions and preventing monopolistic practices that could harm consumers and other businesses.