Merger Notification - Announcement according to § 10 Cartel Act
Huayu Automotive Systems (Shanghai) Co., Ltd.; Shanghai Yuelianfeng Technology Co, Ltd.; Shanghai Panorama Green Technology Manufacturing Private Investment Fund Partnership
BWB/Z-6761
On 11.11.2024 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Huayu Automotive Systems (Shanghai) Co., Ltd., Shanghai Yuelianfeng Technology Co., Ltd., and Shanghai Panorama Green Technology Manufacturing Private Equity Investment Fund Partnership (Limited Partnership) intend to establish a new joint venture (hereinafter referred to as the "JV") in Shanghai, China (the "proposed transaction"). The new JV will be active in the field of production of semiconductor power devices, primarily silicon carbide (SiC) power components. The Parties will jointly control the JV. The JV will not operate in Austria.
C - MANUFACTURING
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 09.12.2024.
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 10.12.2024 .