Merger Notification - Announcement according to § 10 Cartel Act

Umicore S.A./N.V.; Volkswagen AG - BWB/Z-6095 | Bundeswettbewerbsbehörde

Umicore S.A./N.V.; Volkswagen AG

BWB/Z-6095

30.09.2022

On 30.09.2022 the Austrian Federal Competition Authority was notified of the following merger:

Planned purchase process

Umicore S.A./N.V., Brussels, and Volkswagen AG, Wolfsburg, intend to establish a jointly controlled non-full-function joint venture company in which Umicore will hold 
an interest of 50% plus one share and Volkswagen AG will hold an interest of 50% minus one share. 
Economic sector:  Manufacture of other chemical products.

Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren

Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 28.10.2022.

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 29.10.2022 .

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