Merger Notification - Announcement according to § 10 Cartel Act
Kies Verwaltung GmbH; Streng Holding GmbH
BWB/Z-6229
On 27.03.2023 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Kies Verwaltung GmbH, Austria, intends to acquire all shares in Streng Holding GmbH, Austria.
Economic Sector: Extraction of gravel, sand, clay and kaolin; civil engineering
Industry sector: B - Bergbau und Gewinnung von Steinen und Erden F - Baugewerbe/Bau
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 24.04.2023.
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 25.04.2023 .