Merger Notification - Announcement according to § 10 Cartel Act
Advent International Corporation; Kerry Group Plc
BWB/Z-6175
On 12.01.2023 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Funds managed and/or advised by Advent International Corporation (USA) and its affiliates intend to indirectly acquire sole control over certain entities and assets comprising the speciality sweet
ingredients business of Kerry Group Plc (Ireland).
The Transaction concerns the manufacture and sale of sweet ingredients.
ÖNACE Code: C10.8 - Manufacture of other food products
Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 09.02.2023.
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 10.02.2023 .