Merger Notification - Announcement according to § 10 Cartel Act
Erste Group Bank AG; DIE ERSTE österreichische Spar-Casse Privatstiftung
BWB/Z-6396
On 29.09.2023 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Repurchase and subsequent cancellation of own shares by Erste Group Bank AG, Vienna, as a result of which the shareholding of DIE ERSTE österreichische Spar-Casse Privatstiftung, Vienna, in Erste Group Bank AG, taking into account, inter alia, the syndicate agreements concluded by it, reaches or exceeds the shareholding threshold pursuant to section 7 para 1 no 3 KartG.
Industry sector: K - Erbringung von Finanz- und Versicherungsdienstleistungen
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 27.10.2023.
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 28.10.2023 .