Merger Notification - Announcement according to § 10 Cartel Act
Bonitas Versicherungsservice Gesellschaft m.b.H.; HYPO NOE Versicherungsservice GmbH; HYPO NOE Landesbank für Niederösterreich und Wien AG
BWB/Z-6134
On 23.11.2022 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Bonitas Versicherungsservice Gesellschaft m.b.H. intends to acquire 52% of the shares in HYPO NOE Versicherungsservice GmbH directly from HYPO NOE Landesbank für Niederösterreich und Wien AG. HYPO NOE Versicherungsservice GmbH performs sercvices as an insurance agent.
Industry sector: K - Erbringung von Finanz- und Versicherungsdienstleistungen
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 21.12.2022.
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 22.12.2022 .