Merger Notification - Announcement according to § 10 Cartel Act
Saviola Holding S.r.l.; Rheinspan Group
BWB/Z-6187
On 27.01.2023 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Saviola Holding S.r.l (Italy) intends to increase its current jointly controlling participations of 50% of the shares and voting rights in Rheinspan GmbH & Co. KG (Germany) and Rheinspan Geschäftsführungsgesellschaft mbH (Germany) by 24.9% of the shares/voting rights to 74.9% each and will thereby acquire sole control over both target companies.
Affected business areas: Manufacture of veneer, plywood, wood fibre and chipboard panels.
Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 24.02.2023.
Entrepreneurs whose legal or economic interests are affected by the merger can bring in a written statement at the Federal Competition Authority or the Federal Cartel Prosecutor within 14 days from publication date.
Note: The intervening party has no right to a certain treatment of the statement and will not gain a party position.
Non-prohibition of the merger
The Federal Competition Authority and the Federal Cartel Prosecutor have not applied for examination of the merger by the Cartel Court. The standstill obligation (§ 17 (1) Cartel Act) ends with effect from 25.02.2023 .