Merger Notification - Announcement according to § 10 Cartel Act
Msg life central europe gmbH; Cominia Aktuarielle Services GmbH
BWB/Z-6413
On 30.10.2023 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
msg life central europe gmbH, a German IT company specializing in IT system solutions and the implementation of IT strategies for life insurers and pension funds/annuity insurers, intends to acquire 25.1% of the shares in, but no (joint) control of Cominia Aktuarielle Services GmbH, a German provider of actuarial consulting services. The seller ERGO Deutschland AG, a German primary insurance company, will be able to exercise sole control over the target undertaking even after completion of the proposed concentration.
Industry sector: M - Erbringung von freiberuflichen, wissenschaftlichen und technischen Dienstleistungen
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 27.11.2023.
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 28.11.2023 .