Merger Notification - Announcement according to § 10 Cartel Act
Terlos; Amber Red; Optima
BWB/Z-7004
On 11.07.2025 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Vercelli 68 s.r.l., Italy, a special purpose vehicle indirectly controlled by Terlos Investments LP, Jersey, intends to acquire 100% of the shares in and sole control over Optima S.p.a., Italy, and, indirectly, Optima S.p.a.’s subsidiaries. At the same time, Amber Red Investment Pte. Ltd., Singapore, will indirectly acquire a non-controlling minority stake of approximately 39%-45% in Optima S.p.a. through an investment in Vrecelli s.r.l. The proposed transaction relates to the production and wholesale trade of semi-finished ingredients for ice cream, pastries and beverages.
ÖNACE Code: Manufacture of other foodstuff; Wholesale of sugar, chocolate, confectionary and bakery products.
C - MANUFACTURING C 10 - Manufacture of food products, C 10.8 - Manufacture of other food products, C 10.89 - Manufacture of other food products n.e.c., G - WHOLESALE AND RETAIL TRADE, G 46 - Wholesale trade, G 46.3 - Wholesale of food, beverages and tobacco, G 46.36 - Wholesale of sugar, chocolate and sugar confectionery
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 08.08.2025.
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 09.08.2025 .