Merger Notification - Announcement according to § 10 Cartel Act
Element 926 Holding S.à r.l. (AcquiCo); Viridium Holding AG
BWB/Z-6946
On 23.05.2025 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Element 926 Holding S.à r.l., Luxembourg, intends to acquire all shares in and sole control over Viridium Group Management GmbH, Viridium Group GmbH & Co. KG, and Viridium Holding AG, (all Germany).
The NACE code of the business line concerned is: Life insurance; Fund management activities
L - FINANCIAL AND INSURANCE ACTIVITIES L 65 - Insurance, reinsurance and pension funding, except compulsory social security, L 65.1 - Insurance, L 65.11 - Life insurance, L 66 - Activities auxiliary to financial services and insurance activities, L 66.3 - Fund management activities, L 66.30 - Fund management activities
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 20.06.2025.
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 21.06.2025 .