Merger Notification - Announcement according to § 10 Cartel Act
Borealis AG; Raan GmbH
BWB/Z-5864
On 07.02.2022 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Borealis AG, Austria, and Raan GmbH, Germany, intend to create a joint venture. Each, party will hold 50% of the shares and voting rights in the joint venture.
Industry sector: E - Wasserversorgung; Abwasser- und Abfallentsorgung und Beseitigung von Umweltverschmutzungen
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 07.03.2022.
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 08.03.2022 .