Merger Notification - Announcement according to § 10 Cartel Act
Bank für Tirol und Vorarlberg Aktiengesellschaft; Pfeifer Immobilien GmbH; SymbiaVC GmbH
BWB/Z-6858
On 21.02.2025 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Bank für Tirol und Vorarlberg Aktiengesellschaft („BTV“) and Pfeifer Immobilien GmbH each intend to acquire – pursuant to a share purchase agreement entered into on January 29th, 2025, being subject to the condition precedent of non-prohibition by the antitrust authorities - from BTV Leasing GmbH a share corresponding to half of the share capital of BTV-Anlagenleasing 4 GmbH („Joint Venture I“). Furthermore, BTV and SymbiaVC GmbH intend to establish a joint venture in the form of a limited liability company, of which they will each hold half of the share capital („Joint Venture II“). The business activities of the Joint Venture II will mainly consist of renting office space from Joint Venture I and letting it to third parties.
M - REAL ESTATE ACTIVITIES M 68 - Real estate activities, M 68.2 - Rental and operating of own or leased real estate, M 68.20 - Rental and operating of own or leased real estate
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 21.03.2025.
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 22.03.2025 .