Merger Notification - Announcement according to § 10 Cartel Act
Red Bull GmbH; RD pro cycling GmbH & Co.KG und RD Beteiligungs GmbH
On 29.12.2023 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Indirect acquisition of a controlling interests of 51% in RD pro cycling GmbH & Co KG and RD Beteiligungs GmbH (owner of the professional road cycling team BORA-hansgrohe), both Germany, by Red Bull GmbH, Austria.
Economic Sectors: Other sports activities; Creation of advertising campaigns
Industry sector: M - Erbringung von freiberuflichen, wissenschaftlichen und technischen Dienstleistungen R - Kunst, Unterhaltung und Erholung
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 26.01.2024.
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 27.01.2024 .