Merger Notification - Announcement according to § 10 Cartel Act
HW Vermögensverwaltungs-GmbH; HS Vermögensverwaltungs-GmbH; Südwest Beteiligungen GmbH; VM GRUPPE; Neckar Drahtwerke GmbH
BWB/Z-6820
On 07.01.2025 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
HW Vermögensverwaltungs-GmbH, Lautenbach, Germany, HS Vermögenverwaltungs GmbH, Eberbach a.N., Germany, and P.L. van Merksteijn Holding B.V., Almelo, The Netherlands, intend to establish a Joint Venture Company named Reinforcing Steel Europe B.V., with seat in Almelo, The Netherlands, that will operate in the area of reinforcing steel. HW Vermögensverwaltungs-GmbH will hold approx. 38% and HS Vermögensverwaltungs GmbH approx. 39% of the stakes in the company to be founded, while P.L. van Merksteijn Holding B.V. will hold a stake of approx. 23%.
C - MANUFACTURING C 24 - Manufacture of basic metals
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 04.02.2025.
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 05.02.2025 .