The Competition Authority (AdC) approved the acquisition of Castro Marim Golf & Country Club's assets by the British group Arrow, through the company Arrow Lux 25, which now has sole control of the exploitation of the tourist and golf enterprise in the Algarve.
© Reuters
22/10/2026
by
Lusa
A Competition Authority (AdC) gave ‘green light’ to the acquisition by Arrow Lux 25 of the sole control of assets relating to the exploitation of the tourist and golf enterprise Castro Marim Golf & Country Club in the Algarve.
“AdC adopted a decision not to oppose the merger,” according to the note published on the website.
The values of the operation were not disclosed.
The Flecha Lux 25 is a company of the Arrow group, which, in Portugal, is active, essentially, in the management of expired credits and dubious collection and in real estate investments, in the commercial exploitation of marinas and pleasure ports, in the production of ceramic floors and coatings and in the marketing of furniture and equipment for the hotel.
In the Algarve region, the Arrow group stands out mainly in the activities of exploring tourist accommodation and golf courses, according to AdC.
Algarvelux Villages – Tourist Exploration is an active company in the management and tourism exploitation of the tourist village with 55 units of accommodation integrated into the enterprise, under tourism contracts, as stated in the AdC process.
The Algarvelux, Construction and Enterprises is described as an active company in the exploration of golf courses and the clubhouse of the Castro Marim Golf & Country Club, in the organization of events at the clubhouse and in the operation of its restaurant and bar, in the provision of local accommodation management services in relation to a limited number of properties located in the enterprise, and in the promotion and punctual sale of properties integrated in it.