Merger Notification - Announcement according to § 10 Cartel Act
Glendower Capital LLP; Procemsa Build-Up SCSp
BWB/Z-6402
On 06.10.2023 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Certain investment vehicles which Glendower Capital LLP (United Kingdom), directly or indirectly, manages or advises, will become minority limited partner investors acquiring, in aggregate, approx. 36.3% non-controlling limited partner interests in Procemsa Build-Up SCSp (Luxembourg).
Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 03.11.2023.
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 04.11.2023 .