Merger Notification - Announcement according to § 10 Cartel Act
NV IT und Projektentwicklung GmbH; VI-Engineers Bautrager GmbH & Co KG
BWB/Z-6411
On 20.10.2023 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
NV IT und Projektentwicklung GmbH ("NV IT") currently holds 74 % of the shares in VI-Engineers Bautrager GmbH & Co KG ("VI-Engineers Bautrager") and its general partner, VI-Engineers Development GmbH ("VI-Engineers Development",both together with their shareholdings "TargetCompanies'’).
The intended merger consists in the acquisition of the remaining shares of RodeoX on the Target Companies by NV IT. As a result of the proposed merger, the shares of the Seller are to be transferred to NV IT in such a way that NV IT will hold 100% of the shares of the Target Companies and RodeoX leaves the Target Companies as a shareholder.
Industry sector: L - Grundstücks- und Wohnungswesen
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 17.11.2023.
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 18.11.2023 .