Merger Notification - Announcement according to § 10 Cartel Act
Fidelio Bisco S.à r.l.; FGS Global Inc.; WPP
BWB/Z-6268
On 05.05.2023 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Fidelio Bidco S.à r.l., a special purpose vehicle indirectly wholly-owned by investment funds, vehicles and/or accounts advised and managed by various subsidiaries of KKR & Co. Inc., intends to acquire a minority equity shareholding of approximately 29% in FGS Global Inc. (the Target) while the current shareholder WPP Jubilee Limited will retain sole control over the Target. The concentration concerns public relations, communication and advisory activities.
Industry sector: M - Erbringung von freiberuflichen, wissenschaftlichen und technischen Dienstleistungen
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 02.06.2023.
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 03.06.2023 .