Dr. Ing. h.c. F. Porsche Aktiengesellschaft; Erwerb von ca. 50% der Anteile [nicht kontrollierend] an der VARTA AG; Erwerb von ca. 70% der Anteile an und Alleinkontrolle über die V4Dr

On 07.10.2024 the Austrian Federal Competition Authority was notified of the following merger:

Planned purchase process

Dr Ing. h.c. F. Porsche Aktiengesellschaft, Germany, intends the following transactions:

• Acquisition through a subsidiary of Porsche of approximately 32% of the shares in VARTA AG, a German manufacturer of batteries and other energy storage devices. In addition, a company yet to be established, in which Porsche and a company controlled by DDr Michael Tojner will each hold a 50% stake, will hold a further 36% and another company controlled by DDr Michael Tojner will hold the remaining 32% of the shares in VARTA AG. Neither Porsche nor DDr Michael Tojner will be able to exercise sole or joint control over VARTA AG.
• Acquisition of approx. 70% of the shares in and sole control over V4Drive Battery GmbH, whose shares are currently still fully held by VARTA AG.

Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 04.11.2024.

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.

back to list