Merger Notification - Announcement according to § 10 Cartel Act
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft; Hannover Rück SEC
BWB/Z-6115
On 27.10.2022 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München, Germany, an international insurance company, and Hannover Rück SE, Germany, also an international insurance company intend to establish a joint venture in which they shall each hold a 50% interest and in which they intend to bundle and jointly manage (non-controlling) minority interests in various private equity funds.
Industry sector: K - Erbringung von Finanz- und Versicherungsdienstleistungen
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 24.11.2022.
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 25.11.2022 .