Merger Notification - Announcement according to § 10 Cartel Act
EGS Beteiligungen AG; SERTO Holding AG
BWB/Z-6482
On 18.01.2024 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
EGS Beteiligungen AG, Switzerland, a wholly owned subsidiary of the Ernst Göhner Stiftung, a charitable foundation that primarily supports third-party projects in the areas of culture, environment, social affairs, education and science, intends to ultimately acquire 65% of the shares in and joint control of SERTO Holding AG, Switzerland, a specialist in pipe connection technology, via a newly established acquisition company.
C - MANUFACTURING
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 15.02.2024.
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 16.02.2024 .