Merger Notification - Announcement according to § 10 Cartel Act
RHI Magnesita N.V.; Seven Gruppe
BWB/Z-6281
On 22.05.2023 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
RHI Magnesita N.V. (Austria & Netherlands) intends to (indirectly) acquire 75.5% of the shares in and sole control over Seven Refractories Deutschland GmbH (Germany) and all shares in and sole control over Seven Refractories d.o.o. (Slovenia) and RHI Magnesita Seven Refractories Ltd (India).
The following Austrian NACE code is concerned: Manufacture of refractory products.
Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 19.06.2023.
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 20.06.2023 .