Merger Notification - Announcement according to § 10 Cartel Act
Schüco International KG; GEST – Holding Gesellschaft m.b.H.
BWB/Z-6525
On 11.03.2024 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Schüco International KG, Germany, intends to acquire 49% of the shares in and thus joint control of GEST – Holding Gesellschaft m.b.H., Austria, from Mr. Edgar Stemeseder. The seller will retain a jointly controlling interest and hold the remaining 51% of the shares in GEST.
C - MANUFACTURING
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 08.04.2024.
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 09.04.2024 .