Merger Notification - Announcement according to § 10 Cartel Act
LANXESS Deutschland GmbH; Advent International Corporation; Zehnte LXS GmbH
BWB/Z-6140
On 30.11.2022 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
LANXESS Deutschland GmbH, Cologne, Germany, intends to acquire up to 40% of the shares in a newly established joint venture ("JV"), which will encompass the
high-performance material business of LANXESS AG and the engineering materials business of Koninklijke DSM N.V. The remaining approximately 60% of the shares
in and sole control over the JV will be held by Advent International Corporation, USA; the European Commission is competent to review the acquisition of sole control
over the JV by Advent International Corporation.
Economic Sector: Manufacture of chemicals and 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 28.12.2022.
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 29.12.2022 .