Merger Notification - Announcement according to § 10 Cartel Act
Altor Fund Manager AB; Kommunalkredit Austria AG
BWB/Z-6213
On 03.03.2023 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Funds managed and owned by Altor Fund Manager AB (Sweden) intend to indirectly acquire 100% of the shares in Satere Beteiligungsverwaltungs GmbH (Austria) and thereby indirectly ca. 99.8% of the shares in and sole control over Kommunalkredit Austria AG (Austria). The concentration concerns financing activities in the public, infrastructure and energy sectors.
Industry sector: K - Erbringung von Finanz- und Versicherungsdienstleistungen
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 31.03.2023.
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 01.04.2023 .