Merger Notification - Announcement according to § 10 Cartel Act
Altor Fund Manager AB; Auster Capital Ltd.; Rise Up Fashion GmbH (Oceansapart)
BWB/Z-5581
On 30.07.2021 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Altor Fund Manager AB, Sweden, intends to acquire indirectly 58.8% of the shares in and sole control over Rise Up Fashion GmbH (Oceansapart), Germany, whereas Auster Capital Ltd. Cayman Islands, will acquire a non-controlling 31% stake in one of the newly formed holding companies.
Economic sector: Manufacture of wearing apparel, Retail sale via mail order houses or via Internet
Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren G - Handel; Instandhaltung und Reparatur von Kraftfahrzeugen
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 27.08.2021.
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 28.08.2021 .