Merger Notification - Announcement according to § 10 Cartel Act
Prax Group Holdings Limited; PCK Raffinerie GmbH; Rosneft Deutschland GmbH; Eni Deutschland GmbH
BWB/Z-6486
On 22.01.2024 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Prax Group Holdings Limited (United Kingdom) intends to acquire 37.5% of the shares in and joint control over PCK Raffinerie GmbH (Germany).
The concentration concerns refining of crude oil and the related downstream markets.
Affected industry: Extraction of crude petroleum and natural gas.
B - MINING AND QUARRYING
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 19.02.2024.
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 20.02.2024 .