Merger Notification - Announcement according to § 10 Cartel Act
VERBUND AG; SOLAVOLTA
BWB/Z-6637
On 05.07.2024 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
VERBUND AG („VERBUND“) intends to acquire, indirectly via a subsidiary, 50 % of the shares in SOLAVOLTA Energie- und Umwelttechnik GmbH („SOLAVOLTA“), whereby the (indirect) participation of VERBUND in SOLAVOLTA will be increased to 100%. The proposed transaction concerns the planning and installation of photovoltaic systems.
D - ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 02.08.2024.
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 03.08.2024 .