Merger Notification - Announcement according to § 10 Cartel Act
Verdane Fund Manager AB; Pierce Group AB
BWB/Z-6007
On 05.07.2022 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Funds managed and advised by Verdane Fund Manager AB, c/o Verdane Capital Advisors, Birger Jarlsgatan 41 A, 111 45 Stockholm, Sweden, intend to increase their shareholding in Pierce Group AB, Elektravägen 22, 126 30 Hägersten, Sweden, to above 25%.
Industry sector: G - Handel; Instandhaltung und Reparatur von Kraftfahrzeugen
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 02.08.2022.
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 03.08.2022 .