Merger Notification - Announcement according to § 10 Cartel Act
Borsodchem Zártkörűen Működő; Wanhua Chemical Group Co Ltd; Vencorex France SAS; Vencorex TDI SAS
BWB/Z-6767
On 15.11.2024 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Borsodchem Zártkörűen Működő Részvénytársaság, Hungary, ultimately controlled by Wanhua Chemical Group Co Ltd, China, intends to indirectly acquire the HDI derivatives and IPDI derivatives production business of Vencorex France SAS and Vencorex TDI SAS, both France, out of insolvency proceedings.
The proposed transaction relates to chemical products.
ÖNACE Codes: Manufacture of basic chemicals, fertilisers and nitrogen compounds, plastics and synthetic rubber in primary forms.
Manufacture of paints, varnishes and similar coatings, printing ink and mastics.
C - MANUFACTURING
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 27.12.2024.
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.
On December the 11th 2024 the applicant requested the extension of the deadline for the submission of an application for examination by two weeks, pursuant to § 11 (1a) Cartel Act. The deadline for the submission of an application for examinations by the administrative authorities is extended by two weeks, thus ending on December the 27th 2024.
Non-prohibition of the merger
The Federal Competition Authority and the Federal Cartel Prosecutor have waived their right to apply for examination of the merger by the Cartel Court before the deadline. The standstill obligation (§ 17(1) Cartel Act) ends with effect from 19.12.2024 .