Merger Notification - Announcement according to § 10 Cartel Act
The Goldman Sachs Group, Inc.; PAI Partners S.à.r.l.; Froneri Lux Topco S.à.r.l.
BWB/Z-7019
On 30.07.2025 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
The Goldman Sachs Group, Inc., USA, intends to indirectly, via certain affiliates and funds managed and controlled by Goldman Sachs, acquire a non-controlling stake (limited partnership interests) of more than 25% in PAI Strategic II Partnerships SCSP, which is advised and controlled by PAI Partners S.à.r.l, Luxembourg, and will be indirectly holding joint control over Froneri Lux Newco S.à.r.l., Luxembourg.
Economic sector: Wholesale of milk, milk products, eggs, edible oils and fats, Wholesale of sugar, confectionery and bakery products, Wholesale of other food, beverages and tobacco.
G - WHOLESALE AND RETAIL TRADE G 46 - Wholesale trade, G 46.3 - Wholesale of food, beverages and tobacco, G 46.33 - Wholesale of dairy products, eggs and edible oils and fats, G 46.38 - Wholesale of other food
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 27.08.2025.
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 28.08.2025 .