Merger Notification - Announcement according to § 10 Cartel Act

UBM Development Österreich GmbH; PEMA Holding GmbH - BWB/Z-5971 | Bundeswettbewerbsbehörde

UBM Development Österreich GmbH; PEMA Holding GmbH

BWB/Z-5971

25.05.2022

On 25.05.2022 the Austrian Federal Competition Authority was notified of the following merger:

Planned purchase process

UBM Development Österreich GmbH (Vienna / Austria) and PEMA Holding GmbH (Innsbruck / Austria) intend to establish a joint project company (GmbH & Co KG and
GmbH) in which each party will hold 50%. The joint venture will develop a real estate project in Tyrol.
Affected industry "Development of building projects

Industry sector: F - Baugewerbe/Bau

Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 22.06.2022.

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 23.06.2022 .

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