Merger Notification - Announcement according to § 10 Cartel Act

Abu Dhabi National Oil Company; Borealis AG - BWB/Z-6015 | Bundeswettbewerbsbehörde

Abu Dhabi National Oil Company; Borealis AG

BWB/Z-6015

18.07.2022

On 15.07.2022 the Austrian Federal Competition Authority was notified of the following merger:

Planned purchase process

Abu Dhabi National Oil Company (United Arab Emirates) intends to acquire a non-controlling stake of 25% in Borealis AG (Austria).
ÖNACE Code:  Extraction of crude petroleum and natural gas; Other mining and quarrying; Manufacture of refined petroleum products
; Manufacture of basic chemicals, fertilizers and nitrogen compounds, plastics and synthetic rubber in primary forms

Industry sector: B - Bergbau und Gewinnung von Steinen und Erden C - Verarbeitendes Gewerbe/Herstellung von Waren

Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 12.08.2022.

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 13.08.2022 .

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