Merger Notification - Announcement according to § 10 Cartel Act
Signa Prime Selection AG; Signa Group
BWB/Z-6278
On 17.05.2023 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Acquisition of all shares in respectively acquisition of sole control in (i) SIGNA SFS Austria GmbH (now SIGNA Lima GmbH) (Innsbruck), (ii) SIGNA Financial Services Germany GmbH (Frankfurt am Main) and (iii) SIGNA Financial Services Germany GmbH (Frankfurt am Main) and (iii) SIGNA Financial Services AG (Zurich).
Business sector concerned: commercial financial advisor, limited to personal and mortgage loans (without permission for life and accicent insurance) respectively credit mediation.
Industry sector: K - Erbringung von Finanz- und Versicherungsdienstleistungen
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 14.06.2023.
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 15.06.2023 .