Merger Notification - Announcement according to § 10 Cartel Act
Brookfield Corporation; GARBE-Gruppe
BWB/Z-6586
On 24.05.2024 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
BRES Rosa Bidco S.à r.l. and Garbe IRE Investment Luxembourg S.à r.l. intend to establish a joint venture, which will indirectly hold certain real estate assets in Germany and Austria (Müllendorf), and another joint venture to jointly invest in potential future real estate investment opportunities. The concentration concerns real estate.
ÖNACE Code: Renting and operating of own or leased real estate.
L - FINANCIAL AND INSURANCE ACTIVITIES
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 21.06.2024.
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 22.06.2024 .