Merger Notification - Announcement according to § 10 Cartel Act
Carrier Global Corporation; Toshiba Carrier Corporation
BWB/Z-5908
On 23.03.2022 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Carrier Global Corporation, USA, intends to indirectly acquire additional 55 % of the shares in and sole control over Toshiba Carrier Corporation, Japan.
Economic Sector: Steam and air conditioning supply
Industry sector: D - Energieversorgung
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 20.04.2022.
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 21.04.2022 .