Merger Notification - Announcement according to § 10 Cartel Act
Strategic Value Partners LLC; Highbury Park S.à.r.l.; CELSA STEEL S.A.
BWB/Z-6639
On 08.07.2024 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Investment Funds managed, directly or indirectly, by Strategic Value Partners LLC, USA, intend to indirectly, via Highbury Park Sarl, Luxembourg, increase its current non-controlling minority shareholding to a non-controlling shareholding of more than 25% and less than 50% in CELSA STEEL, S.A., Spain.
Economic sector: Manufacture of basic metals, Manufacture of basic iron and steel and of ferro-alloys, Forging, pressing, stamping and roll-forming of metal; powder metallurgy.
C - MANUFACTURING
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 05.08.2024.
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 06.08.2024 .