Merger Notification - Announcement according to § 10 Cartel Act
Oras Invest Oy; Uponor Oyj
On 23.03.2023 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Acquisition of further shares in Uponor Oyj, Finland, by Oras Invest Oy, Finland, whereby the 25 % share threshold of Sec 7(1) no 3 Cartel Act is exceeded.
Economic sector: Manufacture of other plastic products
Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 20.04.2023.
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 waived their right to apply for examination of the merger by the Cartel Court before the deadline. The standstill obligation (§ 17(1) Cartel Act) ends with effect from 13.04.2023 .