Merger Notification - Announcement according to § 10 Cartel Act
Compagnie Financière Michelin SAS; Flex Composite Group SA
BWB/Z-6311
On 10.07.2023 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Compagnie Générale des Etablissements Michelin (France) intends to acquire; indirectly; all shares, and thereby sole control, over Flex Composite Group SA (France) and its subsidiaries.”
The transaction concerns technical fabrics and films.
Business sector concerned: 13.9.6
Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 07.08.2023.
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 08.08.2023 .