Merger Notification - Announcement according to § 10 Cartel Act
The Goldman Sachs Group; American Securities LLC; BELFOR Holdings, Inc.
BWB/Z-6492
On 26.01.2024 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
The Goldman Sachs Group Inc., United States, intends to acquire a non-voting economic ownership interest representing more than 25 % (but less than 30 %) of the share capital of BELFOR Holdings, Inc., United States ("BELFOR"). American Securities LLC, United States, will continue to hold indirect sole control of BELFOR postclosing.
Economic Sector: Other specialised construction activities n.e.c.
F - CONSTRUCTION
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 23.02.2024.
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 24.02.2024 .