Merger Notification - Announcement according to § 10 Cartel Act
BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse; Kfz-Kreditportfolio der Mercedes-Benz Bank GmbH
BWB/Z-6743
On 15.10.2024 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft, Vienna, intends to directly acquire the entire passenger car loan portfolio of Mercedes-Benz Bank GmbH, Eugendorf, by way of a demerger by absorption.
K - TELECOMMUNICATION, COMPUTER PROGRAMMING, CONSULTING, COMPUTING INFRASTRUCTURE AND OTHER INFORMATION SERVICE ACTIVITIES
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 12.11.2024.
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.
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 13.11.2024 .