Merger Notification - Announcement according to § 10 Cartel Act
CYVN Holdings LLC; McLaren Group Limited
BWB/Z-6799
On 13.12.2024 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
CYVN Holdings LLC, Abu Dhabi, intends to (i) indirectly acquire 100% of the shares in McLaren Holdings Limited, United Kingdom from McLaren Group Limited, United Kingdom and thereby indirectly from Bahrain Mumtalakat Holding Company B.S.C. (c), Kingdom of Bahrain, and to (ii) indirectly acquire a non-controlling minority shareholding of 40% in McLaren Group Limited as well as to (iii) establish, together with Bahrain Mumtalakat Holding Company B.S.C. (c), the company BE Co Creation, which will be solely controlled by CYVN Holdings LLC.
C - MANUFACTURING
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 10.01.2025.
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 11.01.2025 .