Merger Notification - Announcement according to § 10 Cartel Act
LG Energy Solution, Ltd.; Honda Motor Co., Ltd.
BWB/Z-6099
On 04.10.2022 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Acquisition of 51 % of the shares by LG Energy Solution, Ltd., Seoul, Korea, as well as the acquisition of 49 % of the shares by Honda Motor Co., Ltd., Tokyo, Japan, in a
newly established joint venture company. The Joint Venture Company will have its registered seat in the USA and will be controlled solely by LG Energy Solution, Ltd.
Relevant industries: Manufacture of batteries and accumulators
Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 02.11.2022.
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 03.11.2022 .