Merger Notification - Announcement according to § 10 Cartel Act
Aramco Overseas Company B.V.; Lotos Asfalt sp.z.o.o.
BWB/Z-5938
On 21.04.2022 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Aramco Overseas Company B.V., the Netherlands, a directly wholly owned subsidiary of Saudi Arabian Oil Company, Saudi Arabia, intends to acquire a non-controlling minority stake of 30% of the shares in Lotos Asfalt sp.z.o.o., Poland, from Grupa Lotos S.A., Poland.
Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 19.05.2022.
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 20.05.2022 .