Merger Notification - Announcement according to § 10 Cartel Act

PO Söderberg & Partner AB; Martens & Prahl Holding GmbH; E.F.M. Foundation; EFM Versicherungsmakler AG - BWB/Z-6021 | Bundeswettbewerbsbehörde

PO Söderberg & Partner AB; Martens & Prahl Holding GmbH; E.F.M. Foundation; EFM Versicherungsmakler AG

BWB/Z-6021

26.07.2022

On 26.07.2022 the Austrian Federal Competition Authority was notified of the following merger:

Planned purchase process

PO Söderberg Aktiebolag, Sweden, together with Martens & Prahl Holding GmbH, Germany, intends to acquire through the joint venture Martens & Prahl Global Insurance GmbH, Germany, (i) a minority shareholding of 26% in EFM Versicherungsmakler AG, Austria, and (ii) a minority shareholding of 37% in Martens & Prahl GmbH, Austria.
The following Austrian NACE code is concerned:(activities of insurance brokerage).

Industry sector: K - Erbringung von Finanz- und Versicherungsdienstleistungen

Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 23.08.2022.

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 24.08.2022 .

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