Merger Notification - Announcement according to § 10 Cartel Act
Viessmann Group GmbH & Co. KG; Encavis AG
BWB/Z-6567
On 02.05.2024 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Viessmann Group GmbH & Co. KG intends to indirectly acquire a non-controlling minority interest of more than 25% of the shares and voting rights in ENCAVIS AG.
The concentration concerns the production of electricity from renewable energies.
ÖNACE Code: Electricity generation.
D - ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 31.05.2024.
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 01.06.2024 .