Merger Notification - Announcement according to § 10 Cartel Act
Egret Holdco S.à r.l.; KKR & Co. Inc.; Flugo Group Holdings AB
BWB/Z-7033
On 08.08.2025 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Egret Holdco S.à r.l., a private limited liability company (société à responsabilité limitée) governed by the laws of Luxembourg, and special purpose vehicle that is currently indirectly wholly owned by investment funds, vehicles and/or accounts advised and managed by various subsidiaries of KKR & Co. Inc., United States, intends to indirectly acquire a non-controlling shareholding of between 25% and below 50% in Flugo Group Holdings AB, the holding entity of the Etraveli Group. The concentration relates to the online travel agency (OTA) flight services market segment.
ÖNACE Code: Travel agency and tour operator activities.
O - ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES O 79 - Travel agency, tour operator and other reservation service and related activities, O 79.1 - Travel agency and tour operator activities
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 05.09.2025.
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 06.09.2025 .