Merger Notification - Announcement according to § 10 Cartel Act

Abella Investment Pte Ltd.; Coral Blue Investment Pte. Ltd.; Thermo-Management-Geschäftsbereich der nVent Electric - BWB/Z-6822 | Bundeswettbewerbsbehörde

Abella Investment Pte Ltd.; Coral Blue Investment Pte. Ltd.; Thermo-Management-Geschäftsbereich der nVent Electric

BWB/Z-6822

13.01.2025

On 10.01.2025 the Austrian Federal Competition Authority was notified of the following merger:

Planned purchase process

This notification concerns the proposed acquisition by Abella Investment Pte Ltd. and Coral Blue Investment Pte. Ltd., both Singapore, of a non-controlling minority interest of more than 25% combined in a recently established special purpose vehicle, which will hold more than 25% non-controlling, passive co-investment interests in the former thermal management business division of nVent Electric plc.
Affected industry: Manufacture of other electrical equipment.

Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren

Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 07.02.2025.

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 08.02.2025 .

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