Merger Notification - Announcement according to § 10 Cartel Act
UBM Development Österreich GmbH; NHD New Home Development Immobilien GmbH; Stella Projektentwicklung Group
BWB/Z-6130
On 21.11.2022 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
UBM Development Österreich GmbH (Vienna / Austria) intends to acquire 50% of the shares in Stella Projektentwicklung GmbH & Co KG and 50% of the shares in its general Stella Projektentwicklung GmbH (Graz / Austria). The intended concentration concerns real estate.
Industry sector: L - Grundstücks- und Wohnungswesen
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 19.12.2022.
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 20.12.2022 .