Merger Notification - Announcement according to § 10 Cartel Act
Equinor ASA; Shell Plc
BWB/Z-6886
On 19.03.2025 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Equinor ASA, Stavanger, Norway, and Shell Plc, London, United Kingdom, contemplate to create a (non-full-function) joint venture by the contribution of the majority of their (upstream) offshore oil and gas interests in the UK Continental Shelf.
The joint venture will be jointly owned by Equinor ASA and Shell Plc, each holding 50 % of its shares.
Activity concerned: Extraction of crude petroleum and natural gas
B - MINING AND QUARRYING B 06 - Extraction of crude petroleum and natural gas
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 16.04.2025.
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 17.04.2025 .